Shares of Amphenol Co. (NYSE:APH) have received a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $96.33.
APH has been the subject of a number of recent research reports. Goldman Sachs Group upgraded Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Tuesday, October 9th. Morgan Stanley upgraded Amphenol from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $95.00 to $102.00 in a report on Thursday, August 9th. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Stifel Nicolaus increased their price objective on Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a report on Thursday, July 26th.
Shares of APH traded down $0.01 during trading hours on Thursday, reaching $91.92. The stock had a trading volume of 50,574 shares, compared to its average volume of 2,261,172. Amphenol has a 12 month low of $80.42 and a 12 month high of $97.56. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 2.06 and a beta of 0.88. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.00%. Amphenol’s payout ratio is currently 29.49%.
In other Amphenol news, VP Richard Gu sold 2,000 shares of the stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $87.00, for a total transaction of $174,000.00. Following the completion of the sale, the vice president now directly owns 3,000 shares in the company, valued at approximately $261,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 7,500 shares of the stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $95.51, for a total value of $716,325.00. Following the sale, the vice president now owns 7,500 shares of the company’s stock, valued at $716,325. The disclosure for this sale can be found here. Company insiders own 2.51% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Piedmont Investment Advisors Inc. grew its stake in shares of Amphenol by 743.2% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 28,804 shares of the electronics maker’s stock valued at $2,708,000 after buying an additional 25,388 shares during the period. Chartwell Investment Partners LLC grew its stake in shares of Amphenol by 7.1% in the 3rd quarter. Chartwell Investment Partners LLC now owns 29,749 shares of the electronics maker’s stock valued at $2,797,000 after buying an additional 1,975 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Amphenol by 217.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,319 shares of the electronics maker’s stock valued at $500,000 after buying an additional 3,645 shares during the period. Twin Capital Management Inc. acquired a new stake in shares of Amphenol in the 3rd quarter valued at about $1,113,000. Finally, MML Investors Services LLC grew its stake in shares of Amphenol by 22.0% in the 3rd quarter. MML Investors Services LLC now owns 7,899 shares of the electronics maker’s stock valued at $743,000 after buying an additional 1,426 shares during the period. Hedge funds and other institutional investors own 94.00% of the company’s stock.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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