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

Amphenol Co. (NYSE:APH) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $80.68.

APH has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Bank of America boosted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd.

Amphenol Stock Performance

Shares of APH opened at $62.99 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market cap of $76.28 billion, a P/E ratio of 32.89, a PEG ratio of 1.92 and a beta of 1.25. The company has a 50-day moving average of $69.31 and a two-hundred day moving average of $68.71. Amphenol has a 12-month low of $54.27 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. As a group, research analysts predict that Amphenol will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 1.05%. Amphenol’s dividend payout ratio is currently 34.55%.

Institutional Investors Weigh In On Amphenol

Several institutional investors have recently bought and sold shares of APH. Norges Bank purchased a new stake in Amphenol during the fourth quarter worth approximately $1,378,794,000. Bank of America Corp DE grew its stake in Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after buying an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the period. Wellington Management Group LLP grew its stake in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after buying an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock worth $503,975,000 after buying an additional 3,933,269 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.