Evercore ISI Increases Amphenol (NYSE:APH) Price Target to $125.00

Amphenol (NYSE:APH) had its target price increased by Evercore ISI from $110.00 to $125.00 in a report published on Monday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the electronics maker’s stock.

Several other research analysts also recently issued reports on APH. Truist Financial upped their price objective on Amphenol from $97.00 to $109.00 and gave the stock a buy rating in a report on Friday, December 15th. The Goldman Sachs Group raised their target price on shares of Amphenol from $107.00 to $119.00 and gave the company a buy rating in a research note on Thursday, January 25th. Citigroup began coverage on shares of Amphenol in a research note on Friday, January 5th. They issued a buy rating and a $117.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research note on Thursday, January 25th. Finally, Robert W. Baird raised their target price on shares of Amphenol from $100.00 to $106.00 and gave the company an outperform rating in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $104.40.

Amphenol Stock Up 0.1 %

Shares of APH opened at $115.38 on Monday. The stock has a market cap of $69.21 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 3.23 and a beta of 1.30. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol has a 12 month low of $72.00 and a 12 month high of $119.59. The company has a 50-day moving average price of $106.57 and a two-hundred day moving average price of $95.13.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. Amphenol’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Amphenol will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio is presently 28.30%.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 in the last three months. Insiders own 2.22% of the company’s stock.

Institutional Investors Weigh In On Amphenol

A number of institutional investors have recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in Amphenol during the fourth quarter valued at approximately $29,000. Peoples Bank KS acquired a new position in Amphenol during the third quarter valued at approximately $27,000. Venturi Wealth Management LLC increased its holdings in shares of Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after buying an additional 138 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in shares of Amphenol during the fourth quarter worth $33,000. 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.