Shares of Amphenol Corporation (NYSE:APH) have earned an average recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $79.00.

APH has been the topic of several research reports. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Thursday, June 22nd. Morgan Stanley lifted their price target on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Deutsche Bank AG lifted their price target on shares of Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Royal Bank Of Canada lifted their price target on shares of Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a research note on Tuesday, June 27th. Finally, BidaskClub downgraded shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st.

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Shares of Amphenol Corporation (APH) traded down 0.67% during trading on Tuesday, hitting $78.42. 873,963 shares of the stock traded hands. The stock has a 50-day moving average of $76.14 and a 200 day moving average of $72.82. Amphenol Corporation has a 1-year low of $60.28 and a 1-year high of $79.70. The company has a market cap of $23.95 billion, a P/E ratio of 26.40 and a beta of 0.77.

Amphenol Corporation (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. On average, equities research analysts predict that Amphenol Corporation will post $3.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be issued a $0.19 dividend. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.97%. Amphenol Corporation’s dividend payout ratio (DPR) is currently 21.55%.

In other news, SVP Zachary W. Raley sold 432,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $74.12, for a total value of $32,019,840.00. Following the transaction, the senior vice president now owns 144,000 shares in the company, valued at $10,673,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diana G. Reardon sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $74.91, for a total transaction of $14,982,000.00. Following the completion of the transaction, the director now owns 200,000 shares in the company, valued at approximately $14,982,000. The disclosure for this sale can be found here. Insiders sold 1,050,200 shares of company stock worth $79,467,056 in the last 90 days. Company insiders own 2.51% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in Amphenol Corporation by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares during the period. Janus Henderson Group PLC boosted its stake in Amphenol Corporation by 1,662.5% in the second quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock valued at $782,311,000 after buying an additional 9,996,239 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Amphenol Corporation by 53.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock valued at $196,616,000 after buying an additional 928,733 shares during the period. Vanguard Group Inc. boosted its stake in Amphenol Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock valued at $2,120,464,000 after buying an additional 914,857 shares during the period. Finally, Janus Capital Management LLC boosted its stake in Amphenol Corporation by 10.8% in the first quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock valued at $657,176,000 after buying an additional 900,961 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

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.

Analyst Recommendations for Amphenol Corporation (NYSE:APH)

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