Amphenol Co. (NYSE:APH) Receives $64.58 Average Target Price from Analysts

Amphenol Co. (NYSE:APH) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $65.35.

APH has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Citigroup increased their price objective on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. UBS Group boosted their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Vertical Research assumed coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target on the stock. Finally, Seaport Res Ptn raised shares of Amphenol to a “strong-buy” rating in a research report on Monday, May 20th.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 230,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total value of $15,541,100.00. Following the sale, the insider now owns 397,280 shares of the company’s stock, valued at approximately $26,844,209.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Hedge funds and other institutional investors have recently bought and sold shares of the business. Beacon Capital Management LLC increased its stake in shares of Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Amphenol in the 4th quarter valued at about $29,000. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the second quarter worth approximately $29,000. New Millennium Group LLC bought a new stake in shares of Amphenol during the second quarter valued at approximately $31,000. Finally, Albion Financial Group UT raised its position in Amphenol by 100.0% in the 2nd quarter. Albion Financial Group UT now owns 468 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Down 0.7 %

Shares of NYSE:APH opened at $63.39 on Tuesday. Amphenol has a 52 week low of $39.34 and a 52 week high of $70.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The company has a market cap of $76.14 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.91 and a beta of 1.25. The firm has a 50 day simple moving average of $67.20 and a 200 day simple moving average of $59.77.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. As a group, research analysts expect that Amphenol will post 1.73 earnings per share for the current year.

Amphenol announced that its board has authorized a share repurchase plan on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is currently 26.91%.

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.