Amphenol Corporation (APH) Reaches New 12-Month High at $88.20
Amphenol Corporation (NYSE:APH) reached a new 52-week high on Friday . The company traded as high as $88.20 and last traded at $88.31, with a volume of 712049 shares trading hands. The stock had previously closed at $86.72.
Several brokerages have commented on APH. Wells Fargo & Company began coverage on shares of Amphenol Corporation in a research report on Friday. They set an “outperform” rating and a $98.00 price objective for the company. SunTrust Banks, Inc. boosted their price objective on shares of Amphenol Corporation from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Deutsche Bank AG boosted their price objective on shares of Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Morgan Stanley boosted their price objective on shares of Amphenol Corporation from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Amphenol Corporation from $78.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Amphenol Corporation has an average rating of “Buy” and an average target price of $87.90.
The company has a market capitalization of $26,933.95, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Amphenol Corporation’s revenue for the quarter was up 12.5% on a year-over-year basis. analysts expect that Amphenol Corporation will post 3.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a $0.19 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.86%. Amphenol Corporation’s dividend payout ratio is 24.20%.
In related news, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $80.01, for a total value of $1,200,150.00. Following the sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at $3,200,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David M. Silverman sold 16,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the completion of the sale, the vice president now directly owns 16,000 shares in the company, valued at approximately $1,280,640. The disclosure for this sale can be found here. In the last three months, insiders sold 397,000 shares of company stock worth $33,877,390. 2.51% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Dupont Capital Management Corp bought a new stake in Amphenol Corporation during the second quarter valued at $109,000. People s United Financial Inc. boosted its position in 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 during the last quarter. Parallel Advisors LLC boosted its position in Amphenol Corporation by 28.9% during the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after acquiring an additional 391 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Amphenol Corporation during the second quarter valued at $148,000. Finally, Cribstone Capital Management LLC boosted its position in Amphenol Corporation by 123.5% during the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after acquiring an additional 1,050 shares during the last quarter. 97.07% of the stock is currently owned by institutional investors and hedge funds.
About Amphenol Corporation
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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