Amphenol (NYSE:APH) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Amphenol (NYSE:APHGet Rating) from a buy rating to a hold rating in a research report released on Tuesday morning, The Fly reports. Jefferies Financial Group currently has $88.00 target price on the electronics maker’s stock, up from their previous target price of $87.00. The analysts noted that the move was a valuation call.

Several other equities analysts have also issued reports on APH. JPMorgan Chase & Co. lifted their price target on Amphenol from $86.00 to $97.00 and gave the company an overweight rating in a research note on Monday, October 10th. UBS Group lifted their price target on Amphenol from $88.00 to $93.00 and gave the company a buy rating in a research note on Tuesday, August 23rd. Finally, StockNews.com lowered Amphenol from a buy rating to a hold rating in a research note on Friday, November 4th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $84.56.

Amphenol Price Performance

Amphenol stock opened at $80.08 on Tuesday. The stock’s fifty day moving average price is $72.95 and its two-hundred day moving average price is $71.56. Amphenol has a one year low of $61.67 and a one year high of $88.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.38 and a quick ratio of 1.60. The firm has a market cap of $47.66 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.25.

Amphenol (NYSE:APHGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. Amphenol had a return on equity of 28.02% and a net margin of 14.98%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company earned $0.65 EPS. The company’s revenue was up 16.9% on a year-over-year basis. As a group, research analysts expect that Amphenol will post 2.97 EPS for the current fiscal year.

Amphenol Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 11th. Investors of record on Tuesday, December 20th will be issued a dividend of $0.21 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, December 19th. This represents a $0.84 annualized dividend and a dividend yield of 1.05%. Amphenol’s dividend payout ratio (DPR) is 26.85%.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 127,000 shares of Amphenol stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $79.82, for a total transaction of $10,137,140.00. Following the transaction, the insider now directly owns 204,412 shares of the company’s stock, valued at approximately $16,316,165.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amphenol news, insider William J. Doherty sold 127,000 shares of Amphenol stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $79.82, for a total transaction of $10,137,140.00. Following the transaction, the insider now directly owns 204,412 shares of the company’s stock, valued at approximately $16,316,165.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D’amico sold 40,000 shares of Amphenol stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $78.79, for a total value of $3,151,600.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,024,903. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC raised its position in shares of Amphenol by 10.8% in the 2nd quarter. Lindbrook Capital LLC now owns 1,355 shares of the electronics maker’s stock worth $87,000 after acquiring an additional 132 shares in the last quarter. ICA Group Wealth Management LLC raised its position in shares of Amphenol by 2.5% in the 3rd quarter. ICA Group Wealth Management LLC now owns 5,461 shares of the electronics maker’s stock worth $366,000 after acquiring an additional 134 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Amphenol by 6.3% in the 2nd quarter. Jones Financial Companies Lllp now owns 2,334 shares of the electronics maker’s stock worth $150,000 after acquiring an additional 138 shares in the last quarter. CNB Bank raised its position in shares of Amphenol by 3.8% in the 2nd quarter. CNB Bank now owns 3,828 shares of the electronics maker’s stock worth $247,000 after acquiring an additional 141 shares in the last quarter. Finally, ICW Investment Advisors LLC raised its position in shares of Amphenol by 2.6% in the 1st quarter. ICW Investment Advisors LLC now owns 5,741 shares of the electronics maker’s stock worth $433,000 after acquiring an additional 146 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

Amphenol Company Profile

(Get Rating)

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.

Recommended Stories

The Fly logo

Analyst Recommendations for Amphenol (NYSE:APH)

Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.