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

Shares of Amphenol Co. (NYSE:APH) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $65.35.

APH has been the subject of several research reports. Vertical Research began coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Evercore ISI restated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Jefferies Financial Group began coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $62.50 price objective for the company. Citigroup lifted their price target on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. 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 stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the completion of the sale, the insider now owns 397,280 shares in the company, valued at $26,844,209.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amphenol

Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its holdings in shares of Amphenol by 23.9% in the third quarter. American Century Companies Inc. now owns 51,858 shares of the electronics maker’s stock valued at $4,356,000 after acquiring an additional 9,992 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of Amphenol by 16.7% during the 4th quarter. Mutual Advisors LLC now owns 3,500 shares of the electronics maker’s stock worth $347,000 after buying an additional 502 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Amphenol by 26.7% in the 4th quarter. HB Wealth Management LLC now owns 9,851 shares of the electronics maker’s stock valued at $977,000 after buying an additional 2,078 shares during the period. CVA Family Office LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at approximately $96,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in Amphenol by 0.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 130,929 shares of the electronics maker’s stock worth $12,979,000 after acquiring an additional 461 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of APH opened at $63.39 on Tuesday. The stock has a market cap of $76.14 billion, a PE ratio of 38.77, a P/E/G ratio of 2.91 and a beta of 1.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. Amphenol has a 1-year low of $39.34 and a 1-year high of $70.84. The firm has a 50-day simple moving average of $67.20 and a two-hundred day simple moving average of $59.77.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, analysts forecast that Amphenol will post 1.73 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently declared 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 26.91%.

Amphenol declared that its Board of Directors has initiated a stock buyback program on Wednesday, April 24th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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.