Wells Fargo & Company assumed coverage on shares of Amphenol Corporation (NYSE:APH) in a report issued on Friday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $98.00 price objective on the electronics maker’s stock.
A number of other equities research analysts also recently weighed in on the company. SunTrust Banks, Inc. raised their price target on Amphenol Corporation from $77.00 to $82.00 and gave the company a neutral rating in a research report on Thursday, October 26th. Deutsche Bank AG lifted their price objective on Amphenol Corporation from $95.00 to $96.00 and gave the stock a buy rating in a report on Thursday, October 26th. Morgan Stanley lifted their price objective on Amphenol Corporation from $74.00 to $85.00 and gave the stock an equal weight rating in a report on Thursday, October 26th. Stifel Nicolaus lifted their price objective on Amphenol Corporation from $78.00 to $85.00 and gave the stock a hold rating in a report on Thursday, October 26th. Finally, Canaccord Genuity reiterated a hold rating on shares of Amphenol Corporation in a report on Monday, October 16th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $87.90.
Shares of Amphenol Corporation (APH) opened at $88.21 on Friday. Amphenol Corporation has a 12-month low of $66.00 and a 12-month high of $88.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. The firm has a market capitalization of $26,933.96, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. equities research analysts forecast that Amphenol Corporation will post 3.21 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a $0.19 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.86%. Amphenol Corporation’s payout ratio is presently 24.20%.
In related news, Director Diana G. Reardon sold 28,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $87.28, for a total value of $2,443,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $80.01, for a total value of $1,200,150.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,200,400. The disclosure for this sale can be found here. Insiders sold 397,000 shares of company stock worth $33,877,390 over the last three months. 2.51% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. bought a new stake in shares of Amphenol Corporation in the third quarter worth about $3,008,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Amphenol Corporation in the second quarter worth about $392,000. Whittier Trust Co. grew its stake in shares of Amphenol Corporation by 3,390.3% in the third quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after purchasing an additional 86,792 shares during the last quarter. Marvin & Palmer Associates Inc. grew its stake in shares of Amphenol Corporation by 27.0% in the second quarter. Marvin & Palmer Associates Inc. now owns 60,505 shares of the electronics maker’s stock worth $4,466,000 after purchasing an additional 12,855 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Amphenol Corporation by 14.0% in the second quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after purchasing an additional 52,976 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.
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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