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

Shares of Amphenol Co. (NYSE:APH) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $118.83.

Several equities research analysts have recently weighed in on APH shares. JPMorgan Chase & Co. increased their price objective on Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Jefferies Financial Group initiated coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, Bank of America upped their price objective on Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 25th.

Amphenol Price Performance

Shares of NYSE:APH opened at $126.61 on Thursday. Amphenol has a 12 month low of $72.77 and a 12 month high of $127.06. The firm has a market capitalization of $76.04 billion, a P/E ratio of 38.72, a P/E/G ratio of 3.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. The company’s fifty day moving average price is $114.25 and its 200 day moving average price is $101.89.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. As a group, sell-side analysts predict that Amphenol will post 3.35 earnings per share for the current fiscal year.

Amphenol declared that its board has authorized a share repurchase plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, June 18th. Amphenol’s payout ratio is 26.91%.

Insiders Place Their Bets

In other 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 transaction of $2,212,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Atomi Financial Group Inc. lifted its holdings in shares of Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 81 shares in the last quarter. Lindbrook Capital LLC raised its stake in Amphenol by 2.0% during the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock valued at $490,000 after buying an additional 85 shares in the last quarter. Webster Bank N. A. lifted its holdings in Amphenol by 16.2% during the 1st quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock worth $80,000 after buying an additional 97 shares during the last quarter. J. W. Coons Advisors LLC grew its position in shares of Amphenol by 0.6% in the 4th quarter. J. W. Coons Advisors LLC now owns 16,925 shares of the electronics maker’s stock worth $1,678,000 after acquiring an additional 100 shares in the last quarter. Finally, Hixon Zuercher LLC increased its holdings in shares of Amphenol by 0.5% in the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock valued at $2,125,000 after acquiring an additional 104 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.