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

Shares of Amphenol Co. (NYSE:APH) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $109.33.

Several research analysts have recently weighed in on the company. Citigroup boosted their price target on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird lifted their price target 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. Evercore ISI increased their price objective on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Finally, Jefferies Financial Group started coverage on shares of Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price for the company.

Insider Activity

In related news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock worth $31,846,050 in the last three months. Company insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APH. Vontobel Holding Ltd. grew its holdings in Amphenol by 8.2% during the 1st quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock valued at $1,022,000 after buying an additional 1,006 shares in the last quarter. Sei Investments Co. increased its position in Amphenol by 4.0% in the first quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock worth $12,716,000 after purchasing an additional 6,405 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Amphenol by 56.7% during the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock valued at $19,906,000 after purchasing an additional 95,613 shares in the last quarter. Prudential PLC bought a new position in Amphenol during the first quarter valued at $857,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Amphenol in the 1st quarter worth $245,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

APH opened at $113.32 on Friday. Amphenol has a 1 year low of $72.00 and a 1 year high of $119.59. The stock has a 50-day moving average price of $110.12 and a 200-day moving average price of $97.66. The firm has a market cap of $68.17 billion, a PE ratio of 36.44, a P/E/G ratio of 3.31 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48.

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

Amphenol Dividend Announcement

The company also recently declared 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. This represents a $0.88 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio is currently 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.