Amphenol Corporation (NYSE:APH) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Amphenol Corporation (NYSE:APH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $88.00.

Several research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. TD Securities raised their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Robert W. Baird raised their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd.

Amphenol Stock Performance

Shares of NYSE:APH traded down $1.09 on Tuesday, hitting $97.46. 9,425,632 shares of the company were exchanged, compared to its average volume of 8,473,259. Amphenol has a 1-year low of $54.77 and a 1-year high of $99.99. The stock's 50 day moving average price is $89.61 and its 200 day moving average price is $75.54. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $117.89 billion, a P/E ratio of 47.31, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. Sell-side analysts predict that Amphenol will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.68%. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer owned 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president owned 51,400 shares of the company's stock, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Company insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Hughes Financial Services LLC acquired a new position in shares of Amphenol during the 1st quarter worth about $25,000. Rialto Wealth Management LLC acquired a new stake in Amphenol in the 4th quarter valued at about $28,000. Avalon Trust Co raised its holdings in Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Rakuten Securities Inc. raised its holdings in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Amphenol in the 1st quarter valued at about $28,000. Institutional investors and hedge funds 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.