Amphenol (NYSE:APH) Upgraded by Fox Advisors to Overweight Rating

Fox Advisors upgraded shares of Amphenol (NYSE:APH) from an equal weight rating to an overweight rating in a report published on Thursday morning, Marketbeat.com reports. Fox Advisors currently has $85.00 target price on the electronics maker’s stock.

Other research analysts have also recently issued reports about the company. Citigroup reduced their price objective on Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Bank of America lifted their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. UBS Group lowered their target price on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group lowered their price objective on Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $82.58.

Amphenol Stock Performance

NYSE:APH opened at $76.13 on Thursday. The business’s 50-day moving average price is $65.39 and its two-hundred day moving average price is $68.87. The stock has a market cap of $92.25 billion, a P/E ratio of 39.75, a PEG 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 has a twelve month low of $54.77 and a twelve month high of $79.39.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. During the same quarter in the prior year, the firm earned $0.40 earnings per share. As a group, equities analysts predict that Amphenol will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.87%. Amphenol’s dividend payout ratio (DPR) is 34.55%.

Institutional Investors Weigh In On Amphenol

Several large investors have recently added to or reduced their stakes in APH. Norges Bank purchased a new position in shares of Amphenol during the fourth quarter valued at $1,378,794,000. Bank of America Corp DE grew its stake in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Wellington Management Group LLP boosted its position in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after buying an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock valued at $503,975,000 after acquiring an additional 3,933,269 shares during the period. 97.01% of the stock is owned by 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.