Amphenol Co. (NYSE:APH) Given Average Recommendation of “Moderate Buy” by Brokerages

Amphenol Co. (NYSE:APH) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $113.75.

A number of equities analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Robert W. Baird upped their target price on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. UBS Group upped their target price on shares of Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group upped their target price 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.

Insider Activity

In other news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 305,000 shares of company stock valued at $31,846,050. 2.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APH. Peoples Bank KS bought a new position in Amphenol in the 3rd quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in Amphenol in the 4th quarter valued at about $29,000. Mendota Financial Group LLC bought a new position in Amphenol in the 4th quarter valued at about $33,000. Venturi Wealth Management LLC increased its holdings in shares of Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 142 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in shares of Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 138 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

Shares of APH stock opened at $110.88 on Friday. Amphenol has a 12-month low of $72.00 and a 12-month high of $119.59. 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. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $110.77 and a 200-day moving average of $98.35.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Amphenol will post 3.28 earnings per share for the current year.

Amphenol Dividend Announcement

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

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.