Amphenol Co. (NYSE:APH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Amphenol Co. (NYSE:APH) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $69.63.

APH has been the subject of a number of research reports. UBS Group upped their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Bank of America increased 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. Vertical Research assumed coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. 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. Also, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,630,672 shares of company stock worth $110,992,440 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Large investors have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC increased its stake in Amphenol by 0.9% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 89,666 shares of the electronics maker’s stock valued at $5,843,000 after purchasing an additional 816 shares during the last quarter. KPP Advisory Services LLC raised its stake in Amphenol by 10.0% during the third quarter. KPP Advisory Services LLC now owns 8,235 shares of the electronics maker’s stock worth $537,000 after acquiring an additional 749 shares during the period. Natixis Advisors LLC grew its holdings in shares of Amphenol by 7.6% during the third quarter. Natixis Advisors LLC now owns 2,519,728 shares of the electronics maker’s stock valued at $164,185,000 after purchasing an additional 177,564 shares during the last quarter. First Long Island Investors LLC acquired a new position in Amphenol during the 3rd quarter valued at approximately $387,000. Finally, Empirical Finance LLC increased its position in Amphenol by 2.1% in the third quarter. Empirical Finance LLC now owns 41,007 shares of the electronics maker’s stock worth $2,672,000 after buying an additional 854 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE APH opened at $72.17 on Thursday. The company has a fifty day moving average of $65.44 and a two-hundred day moving average of $65.34. The company has a market capitalization of $87.01 billion, a PE ratio of 41.48, a P/E/G ratio of 2.25 and a beta of 1.23. Amphenol has a 1 year low of $41.96 and a 1 year high of $72.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, analysts expect that Amphenol will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) 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.