Shares of Amphenol Corporation (NYSE:APH) have received a consensus rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $80.00.
Several research firms have issued reports on APH. Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Stifel Nicolaus restated a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research report on Monday, August 14th. Finally, BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th.
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In related news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total value of $1,214,700.00. Following the completion of the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,239,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David M. Silverman sold 16,000 shares of Amphenol Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total value of $1,280,640.00. Following the completion of the transaction, the vice president now owns 16,000 shares of the company’s stock, valued at $1,280,640. The disclosure for this sale can be found here. Over the last quarter, insiders sold 433,200 shares of company stock valued at $33,886,886. 2.51% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in APH. Birch Hill Investment Advisors LLC purchased a new position in Amphenol Corporation in the first quarter valued at $105,000. Dupont Capital Management Corp purchased a new stake in Amphenol Corporation during the 2nd quarter worth about $109,000. People s United Financial Inc. lifted its holdings in Amphenol Corporation by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after buying an additional 95 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Amphenol Corporation by 300.0% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 1,200 shares during the last quarter. Finally, Israel Discount Bank of New York purchased a new stake in Amphenol Corporation during the 1st quarter worth about $121,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Amphenol Corporation (APH) traded up 0.64% during trading on Friday, hitting $82.24. The stock had a trading volume of 536,369 shares. Amphenol Corporation has a 12 month low of $61.38 and a 12 month high of $82.30. The company has a market cap of $25.12 billion, a PE ratio of 27.69 and a beta of 0.76. The company’s 50 day moving average is $78.86 and its 200-day moving average is $74.25.
Amphenol Corporation (NYSE:APH) last posted its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. On average, equities research analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be given a dividend of $0.19 per share. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is currently 21.55%.
About Amphenol Corporation
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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