Amphenol Corp. (APH) Hits New 1-Year High at $63.81
Amphenol Corp. (NYSE:APH)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $63.81 and last traded at $63.70, with a volume of 642,163 shares changing hands. The stock had previously closed at $62.95.
Several equities analysts recently commented on APH shares. RBC Capital Markets increased their target price on shares of Amphenol Corp. from $63.00 to $65.00 and gave the company a “top pick” rating in a report on Friday, August 26th. Royal Bank Of Canada increased their target price on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a report on Thursday, July 21st. Finally, Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $66.56.
The firm’s 50 day moving average price is $60.83 and its 200 day moving average price is $58.22. The company has a market cap of $19.65 billion, a PE ratio of 26.185 and a beta of 1.16.
Amphenol Corp. (NYSE:APH) last released its earnings results on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Corp. will post $2.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.89%. Amphenol Corp.’s payout ratio is 23.05%.
In related news, VP William J. Doherty sold 26,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $59.89, for a total transaction of $1,557,140.00. Following the sale, the vice president now owns 6,800 shares of the company’s stock, valued at $407,252. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 23,000 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $62.08, for a total transaction of $1,427,840.00. Following the sale, the chief financial officer now directly owns 43,000 shares in the company, valued at approximately $2,669,440. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in Amphenol Corp. by 2.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 32,620 shares of the company’s stock worth $1,704,000 after buying an additional 880 shares during the last quarter. Norges Bank acquired a new stake in Amphenol Corp. during the fourth quarter worth about $123,738,000. Chevy Chase Trust Holdings Inc. increased its stake in Amphenol Corp. by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 260,578 shares of the company’s stock worth $15,067,000 after buying an additional 5,802 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in Amphenol Corp. by 8.5% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 75,000 shares of the company’s stock worth $4,337,000 after buying an additional 5,906 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in Amphenol Corp. by 26.2% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,440 shares of the company’s stock worth $315,000 after buying an additional 1,130 shares during the last quarter. 96.85% of the stock is currently owned by institutional investors.
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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