Brokerages Set Amphenol Co. (NYSE:APH) Price Target at $66.58

Shares of Amphenol Co. (NYSE:APH) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $66.50.

A number of research analysts have recently weighed in on APH shares. Bank of America dropped their price objective on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday. Truist Financial boosted their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Robert W. Baird decreased their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Vertical Research started coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price for the company. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. 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 90,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,323,010. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

Several large investors have recently added to or reduced their stakes in the stock. Beacon Capital Management LLC lifted its position in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC boosted its position in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 188 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the second quarter valued at about $29,000. Sachetta LLC increased its position in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the last quarter. Finally, Brown Shipley& Co Ltd purchased a new stake in shares of Amphenol during the first quarter worth about $52,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Down 0.6 %

NYSE APH opened at $64.56 on Friday. Amphenol has a one year low of $39.34 and a one year high of $70.84. The firm has a market cap of $77.54 billion, a PE ratio of 39.82, a P/E/G ratio of 2.59 and a beta of 1.24. The firm’s fifty day moving average is $63.95 and its two-hundred day moving average is $63.82. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the business earned $0.72 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. Analysts expect that Amphenol will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.02%. The ex-dividend date was Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is 40.49%.

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.