Amphenol (APH) Given Equal Weight Rating at Morgan Stanley
Morgan Stanley reiterated their equal weight rating on shares of Amphenol (NYSE:APH) in a research note published on Wednesday morning. They currently have a $85.00 target price on the electronics maker’s stock.
Several other equities research analysts also recently weighed in on APH. Zacks Investment Research downgraded Amphenol from a buy rating to a hold rating in a report on Tuesday, September 26th. Deutsche Bank upped their price target on Amphenol from $95.00 to $96.00 and gave the stock a buy rating in a report on Thursday, October 26th. Bank of America upgraded Amphenol from a neutral rating to a buy rating in a report on Friday, September 29th. Finally, Canaccord Genuity restated a hold rating on shares of Amphenol in a report on Monday, October 16th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Amphenol currently has a consensus rating of Buy and a consensus price target of $87.90.
Amphenol (APH) traded down $0.17 during mid-day trading on Wednesday, hitting $89.50. The company had a trading volume of 882,900 shares, compared to its average volume of 1,147,051. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. The stock has a market cap of $27,379.76, a P/E ratio of 28.47, a PEG ratio of 2.52 and a beta of 0.81. Amphenol has a 52-week low of $66.00 and a 52-week high of $91.26.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. sell-side analysts expect that Amphenol will post 3.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol’s dividend payout ratio (DPR) is 24.20%.
In other Amphenol news, CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the completion of the transaction, the chief executive officer now owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jean-Luc Gavelle sold 88,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $86.37, for a total value of $7,600,560.00. Following the transaction, the vice president now directly owns 48,000 shares of the company’s stock, valued at approximately $4,145,760. The disclosure for this sale can be found here. Over the last three months, insiders have sold 849,000 shares of company stock valued at $75,518,690. Company insiders own 2.51% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Dupont Capital Management Corp purchased a new position in Amphenol in the second quarter valued at about $109,000. People s United Financial Inc. increased its position in shares of Amphenol by 6.8% during the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after acquiring an additional 95 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Amphenol by 28.9% during the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after acquiring an additional 391 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Amphenol during the second quarter worth about $148,000. Finally, Cribstone Capital Management LLC increased its position in shares of Amphenol by 123.5% during the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after acquiring an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Amphenol 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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