Amphenol Corporation (APH) Receives $87.90 Consensus Target Price from Analysts

Shares of Amphenol Corporation (NYSE:APH) have earned an average recommendation of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $87.90.

Several equities research analysts recently weighed in on APH shares. Deutsche Bank increased their price target on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank of Canada reaffirmed a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol in a report on Tuesday, August 29th. Cowen reaffirmed an “outperform” rating and set a $95.00 price target (up from $85.00) on shares of Amphenol in a report on Tuesday, October 10th. Finally, Bank of America raised Amphenol from a “neutral” rating to a “buy” rating in a report on Friday, September 29th.

In other Amphenol news, Director Diana G. Reardon sold 503,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the sale, the director now owns 260,000 shares of the company’s stock, valued at $23,589,800. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 10,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $89.51, for a total value of $895,100.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The disclosure for this sale can be found here. In the last three months, insiders sold 849,000 shares of company stock valued at $75,518,690. 2.51% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Dupont Capital Management Corp purchased a new position in shares of Amphenol in the second quarter valued at $109,000. People s United Financial Inc. increased its position in shares of Amphenol by 6.8% in the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Amphenol by 28.9% in the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after buying an additional 391 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Amphenol in the second quarter valued at $148,000. Finally, Cribstone Capital Management LLC increased its position in shares of Amphenol by 123.5% in the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after buying an additional 1,050 shares in the last quarter. 96.55% of the stock is owned by institutional investors.

Shares of Amphenol (APH) traded down $0.19 during midday trading on Monday, hitting $88.45. The company had a trading volume of 1,060,547 shares, compared to its average volume of 1,146,156. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87. Amphenol has a 52-week low of $66.00 and a 52-week high of $91.26. The firm has a market capitalization of $27,114.11, a P/E ratio of 28.19, a PEG ratio of 2.50 and a beta of 0.81.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned $0.73 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. research analysts expect that Amphenol will post 3.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, December 15th. Amphenol’s dividend payout ratio (DPR) is currently 24.20%.

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About Amphenol

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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