Amphenol Co. (NYSE:APH) Receives Average Rating of “Moderate Buy” from Analysts

Amphenol Co. (NYSE:APH) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $113.75.

APH has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price for the company. JPMorgan Chase & Co. lifted 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, April 11th. Robert W. Baird lifted their target price on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Citigroup lifted their price target on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus lifted their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th.

Amphenol Stock Performance

APH stock opened at $110.88 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. The stock has a market cap of $66.70 billion, a P/E ratio of 35.65, a P/E/G ratio of 3.21 and a beta of 1.30. The firm has a 50 day simple moving average of $110.77 and a 200 day simple moving average of $98.35. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. Research analysts anticipate that Amphenol will post 3.28 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 28.30%.

Insider Buying and Selling

In related news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amphenol news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The stock was 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. Over the last quarter, 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 Investors Weigh In On Amphenol

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Amphenol by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock worth $7,250,181,000 after acquiring an additional 965,951 shares during the last quarter. FMR LLC raised its position in shares of Amphenol by 1.3% in the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after acquiring an additional 691,964 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Amphenol by 39.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after acquiring an additional 8,340,759 shares during the period. State Street Corp raised its position in shares of Amphenol by 2.4% in the 1st quarter. State Street Corp now owns 24,794,281 shares of the electronics maker’s stock valued at $2,031,342,000 after acquiring an additional 582,081 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Amphenol by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock worth $1,283,360,000 after buying an additional 653,354 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Company Profile

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.