Amphenol Co. (NYSE:APH) Receives $69.63 Consensus Price Target from Analysts

Shares of Amphenol Co. (NYSE:APH) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $69.79.

Several research firms recently weighed in on APH. Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Finally, TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of APH. LPL Financial LLC lifted its stake in Amphenol by 126.0% in the 2nd quarter. LPL Financial LLC now owns 524,203 shares of the electronics maker’s stock valued at $35,316,000 after acquiring an additional 292,211 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Amphenol by 12.2% in the second quarter. American Century Companies Inc. now owns 646,034 shares of the electronics maker’s stock worth $43,523,000 after purchasing an additional 70,465 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Amphenol by 99.8% during the second quarter. Oppenheimer & Co. Inc. now owns 53,244 shares of the electronics maker’s stock worth $3,587,000 after purchasing an additional 26,599 shares during the last quarter. Federated Hermes Inc. grew its position in Amphenol by 4,215.3% in the second quarter. Federated Hermes Inc. now owns 117,678 shares of the electronics maker’s stock valued at $7,928,000 after purchasing an additional 114,951 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Amphenol by 110.8% in the 2nd quarter. Parallel Advisors LLC now owns 18,919 shares of the electronics maker’s stock valued at $1,275,000 after buying an additional 9,943 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

Amphenol stock opened at $69.44 on Tuesday. Amphenol has a 52 week low of $47.76 and a 52 week high of $75.78. The firm has a market cap of $83.71 billion, a P/E ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The business’s fifty day moving average is $71.82 and its two-hundred day moving average is $67.75.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue was up 26.3% on a year-over-year basis. Equities research analysts forecast that Amphenol will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol’s payout ratio is presently 37.93%.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.