Brokerages Set Amphenol Co. (NYSE:APH) Price Target at $79.40

Shares of Amphenol Co. (NYSE:APH - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $82.58.

Several equities analysts have recently weighed in on APH shares. UBS Group reissued a "buy" rating and issued a $85.00 price target (up from $78.00) on shares of Amphenol in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd.

Amphenol Stock Up 0.3 %

Shares of Amphenol stock traded up $0.22 during trading on Thursday, reaching $76.10. The company's stock had a trading volume of 719,398 shares, compared to its average volume of 7,434,551. The company has a 50-day simple moving average of $65.65 and a two-hundred day simple moving average of $69.08. Amphenol has a 1-year low of $54.77 and a 1-year high of $79.39. The company has a market cap of $92.22 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

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

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Institutional Trading of Amphenol

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APH. Tacita Capital Inc lifted its stake in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC acquired a new position in Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. grew its position in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

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.