Shares of Amphenol Corp. (NYSE:APH) have been given an average rating of “Buy” by the nine analysts that are presently covering the stock. Five research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $68.38.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Friday, July 22nd. RBC Capital Markets reiterated a “top pick” rating and issued a $66.00 target price (up previously from $65.00) on shares of Amphenol Corp. in a research note on Tuesday, September 20th. Royal Bank Of Canada lifted their target price on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note on Thursday, July 21st. Finally, Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th.
Amphenol Corp. (NYSE:APH) opened at 64.92 on Thursday. Amphenol Corp. has a 1-year low of $44.50 and a 1-year high of $65.77. The firm has a market capitalization of $20.04 billion, a price-to-earnings ratio of 26.71 and a beta of 1.16. The stock’s 50 day moving average is $62.52 and its 200 day moving average is $58.98.
Amphenol Corp. (NYSE:APH) last posted its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm earned $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. Analysts predict that Amphenol Corp. will post $2.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.86%. Amphenol Corp.’s payout ratio is presently 23.05%.
In other Amphenol Corp. news, VP Patrick Gillard sold 30,000 shares of Amphenol Corp. stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $59.06, for a total transaction of $1,771,800.00. Following the completion of the sale, the vice president now directly owns 6,400 shares in the company, valued at $377,984. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard Adam Norwitt sold 262,000 shares of Amphenol Corp. stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $59.01, for a total transaction of $15,460,620.00. Following the sale, the insider now owns 137,992 shares of the company’s stock, valued at $8,142,907.92. The disclosure for this sale can be found here. Company insiders own 2.92% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. acquired a new position in Amphenol Corp. during the first quarter valued at approximately $103,000. BlueMountain Capital Management LLC acquired a new position in Amphenol Corp. during the first quarter valued at approximately $139,000. Van ECK Associates Corp increased its position in Amphenol Corp. by 30.0% in the second quarter. Van ECK Associates Corp now owns 2,738 shares of the company’s stock valued at $157,000 after buying an additional 632 shares during the period. Quadrant Capital Group LLC increased its position in Amphenol Corp. by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 3,215 shares of the company’s stock valued at $181,000 after buying an additional 99 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in Amphenol Corp. during the second quarter valued at approximately $181,000. Institutional investors and hedge funds own 96.81% of the company’s stock.
About Amphenol Corp.
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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