Analysts Set Amphenol Co. (NYSE:APH) Price Target at $93.25

Shares of Amphenol Co. (NYSE:APH) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $93.25.

Several brokerages have commented on APH. Truist Financial cut their price target on shares of Amphenol from $101.00 to $97.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Bank of America raised their price target on shares of Amphenol from $90.00 to $100.00 in a report on Thursday, July 27th. StockNews.com began coverage on shares of Amphenol in a report on Thursday, October 5th. They issued a “hold” rating for the company. BNP Paribas began coverage on shares of Amphenol in a report on Thursday, October 5th. They issued an “outperform” rating and a $93.00 price target for the company. Finally, Stifel Nicolaus raised their price target on shares of Amphenol from $80.00 to $88.00 in a report on Thursday, July 27th.

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $89.51, for a total value of $6,713,250.00. Following the transaction, the vice president now owns 7,000 shares in the company, valued at $626,570. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider William J. Doherty sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $88.57, for a total transaction of $4,428,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David M. Silverman sold 75,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $89.51, for a total transaction of $6,713,250.00. Following the transaction, the vice president now owns 7,000 shares in the company, valued at approximately $626,570. The disclosure for this sale can be found here. Corporate insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manitou Investment Management Ltd. bought a new position in Amphenol during the first quarter valued at approximately $25,000. Peoples Bank KS purchased a new stake in Amphenol during the third quarter valued at approximately $27,000. Sunbelt Securities Inc. purchased a new stake in Amphenol during the first quarter valued at approximately $33,000. Altshuler Shaham Ltd purchased a new stake in Amphenol during the fourth quarter valued at approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Amphenol during the third quarter valued at approximately $34,000. Institutional investors own 93.46% of the company’s stock.

Amphenol Stock Down 0.2 %

Amphenol stock opened at $89.55 on Tuesday. Amphenol has a 1-year low of $72.00 and a 1-year high of $90.28. The firm has a market capitalization of $53.58 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 3.76 and a beta of 1.26. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $83.83 and a 200 day simple moving average of $83.10.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Amphenol had a net margin of 15.41% and a return on equity of 24.57%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the business earned $0.80 EPS. Amphenol’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Amphenol will post 2.96 earnings per share for the current year.

Amphenol Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th will be given a $0.22 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, December 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol’s payout ratio is presently 28.39%.

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.