Amphenol (NYSE:APH) Price Target Increased to $121.00 by Analysts at Bank of America

Amphenol (NYSE:APH) had its target price lifted by Bank of America from $117.00 to $121.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a buy rating on the electronics maker’s stock.

Several other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a buy rating in a research note on Thursday, January 25th. UBS Group upped their target price on shares of Amphenol from $118.00 to $135.00 and gave the company a buy rating in a research note on Tuesday. Evercore ISI upped their target price on shares of Amphenol from $110.00 to $125.00 and gave the company an outperform rating in a research note on Monday, March 25th. Citigroup upped their target price on shares of Amphenol from $117.00 to $135.00 and gave the company a buy rating in a research note on Thursday, April 4th. Finally, Stifel Nicolaus upped their target price on shares of Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $113.75.

Amphenol Stock Performance

Shares of APH stock opened at $110.88 on Thursday. Amphenol has a one year low of $72.00 and a one year high of $119.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. The company has a 50 day moving average price of $110.77 and a 200 day moving average price of $98.35. The firm has a market capitalization of $66.70 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 3.21 and a beta of 1.30.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. Amphenol’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.79%. Amphenol’s dividend payout ratio (DPR) is 28.30%.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,000 shares of company stock valued at $31,846,050. Company insiders own 2.22% of the company’s stock.

Institutional Trading of Amphenol

Large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in Amphenol in the 4th quarter valued at about $3,589,000. West Coast Financial LLC grew its position in Amphenol by 65.0% in the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock valued at $12,779,000 after buying an additional 50,778 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in Amphenol in the 4th quarter valued at about $2,875,000. Fortune Financial Advisors LLC bought a new position in Amphenol in the 4th quarter valued at about $1,071,000. Finally, Community Trust & Investment Co. boosted its position in shares of Amphenol by 30.6% during the 4th quarter. Community Trust & Investment Co. now owns 178,306 shares of the electronics maker’s stock valued at $17,675,000 after purchasing an additional 41,754 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.