Amphenol Corporation (NYSE:APH) has earned an average rating of “Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $79.75.
APH has been the subject of a number of recent research reports. Goldman Sachs Group, Inc. (The) downgraded Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Wednesday, June 7th. Stifel Nicolaus restated a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a research report on Friday, July 14th. BidaskClub downgraded Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “top pick” rating and issued a $85.00 target price (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the completion of the transaction, the chief executive officer now owns 293,992 shares in the company, valued at $22,916,676.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $79.70, for a total value of $1,195,500.00. Following the transaction, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The disclosure for this sale can be found here. Insiders sold 433,200 shares of company stock valued at $33,886,886 in the last quarter. Corporate insiders own 2.51% of the company’s stock.
Several institutional investors have recently made changes to their positions in APH. Birch Hill Investment Advisors LLC bought a new position in shares of Amphenol Corporation during the first quarter valued at approximately $105,000. Dupont Capital Management Corp bought a new position in shares of Amphenol Corporation during the second quarter valued at approximately $109,000. People s United Financial Inc. raised its holdings in shares of Amphenol Corporation by 6.8% during the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after acquiring an additional 95 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Amphenol Corporation by 300.0% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Israel Discount Bank of New York bought a new position in shares of Amphenol Corporation during the first quarter valued at approximately $121,000. Institutional investors own 96.87% of the company’s stock.
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Shares of Amphenol Corporation (APH) traded up 0.22% on Friday, reaching $82.12. 757,255 shares of the company were exchanged. The stock’s 50-day moving average is $78.67 and its 200 day moving average is $74.16. Amphenol Corporation has a 12-month low of $61.38 and a 12-month high of $82.30. The firm has a market capitalization of $25.08 billion, a PE ratio of 27.65 and a beta of 0.76.
Amphenol Corporation (NYSE:APH) last released its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. Amphenol Corporation’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. On average, analysts forecast that Amphenol Corporation will post $3.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 annualized dividend and a yield of 0.93%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is presently 21.55%.
Amphenol Corporation Company Profile
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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