Amphenol Co. (NYSE:APH) Receives $88.00 Consensus PT from Brokerages

Shares of Amphenol Co. (NYSE:APH - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $88.00.

Several research firms recently weighed in on APH. Citigroup upped their price target on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Robert W. Baird raised their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th.

Insider Activity

In related news, VP David M. Silverman sold 87,500 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the sale, the vice president now owns 12,500 shares of the company's stock, valued at $1,000,375. The trade was a 87.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the transaction, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at $7,593,000. This trade represents a 80.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Amphenol

Several large investors have recently modified their holdings of APH. Hughes Financial Services LLC acquired a new stake in Amphenol in the 1st quarter valued at $25,000. Tacita Capital Inc boosted its stake in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Avalon Trust Co grew its holdings in shares of Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol in the 4th quarter worth about $28,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Amphenol during the 4th quarter worth about $28,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Down 2.3%

Shares of Amphenol stock traded down $2.22 on Friday, reaching $92.38. 7,132,279 shares of the company were exchanged, compared to its average volume of 7,509,021. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol has a fifty-two week low of $54.77 and a fifty-two week high of $94.83. The firm has a market capitalization of $111.75 billion, a price-to-earnings ratio of 48.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The stock has a fifty day moving average price of $79.68 and a 200-day moving average price of $72.80.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. On average, analysts expect that Amphenol will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is 32.04%.

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.