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

Amphenol (NYSE:APH) had its price target boosted by Evercore ISI from $110.00 to $125.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an outperform rating on the electronics maker’s stock.

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

Amphenol Trading Up 0.1 %

APH stock opened at $115.38 on Monday. The company has a market cap of $69.21 billion, a P/E ratio of 37.10, a PEG ratio of 3.23 and a beta of 1.30. Amphenol has a twelve month low of $72.00 and a twelve month high of $119.59. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $106.57 and a 200-day moving average of $95.13.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, equities research analysts expect that Amphenol will post 3.28 EPS for the current year.

Amphenol Announces Dividend

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

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock worth $31,846,050 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Large investors have recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in Amphenol during the 4th quarter worth $29,000. Peoples Bank KS bought a new position in Amphenol during the 3rd quarter worth $27,000. Venturi Wealth Management LLC increased its stake in Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares during the period. Avior Wealth Management LLC increased its stake in Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares during the period. Finally, Mendota Financial Group LLC bought a new position in Amphenol during the 4th quarter worth $33,000. Institutional investors own 97.01% of the company’s stock.

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.