Wells Fargo & Company assumed coverage on shares of Amphenol Corporation (NYSE:APH) in a report published on Friday. The firm issued an outperform rating and a $98.00 price target on the electronics maker’s stock.

Several other research firms have also weighed in on APH. Stifel Nicolaus raised their price objective on Amphenol Corporation from $78.00 to $85.00 and gave the company a hold rating in a research note on Thursday, October 26th. Morgan Stanley raised their price objective on Amphenol Corporation from $74.00 to $85.00 and gave the company an equal weight rating in a research note on Thursday, October 26th. Deutsche Bank AG raised their price objective on Amphenol Corporation from $95.00 to $96.00 and gave the company a buy rating in a research note on Thursday, October 26th. SunTrust Banks, Inc. raised their price objective on Amphenol Corporation from $77.00 to $82.00 and gave the company a neutral rating in a research note on Thursday, October 26th. Finally, Canaccord Genuity reaffirmed a hold rating on shares of Amphenol Corporation in a research note on Monday, October 16th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $87.90.

Shares of Amphenol Corporation (NYSE:APH) traded up $1.49 during midday trading on Friday, hitting $88.21. The company had a trading volume of 1,359,100 shares, compared to its average volume of 1,128,188. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. Amphenol Corporation has a 52 week low of $66.00 and a 52 week high of $88.36. The company has a market capitalization of $26,479.01, a PE ratio of 27.53, a P/E/G ratio of 2.66 and a beta of 0.80.

Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. Amphenol Corporation’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. research analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current year.

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The company also recently declared 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 0.86%. The ex-dividend date is Friday, December 15th. Amphenol Corporation’s payout ratio is 24.20%.

In other news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $80.01, for a total transaction of $1,200,150.00. Following the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $3,200,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diana G. Reardon sold 28,000 shares of Amphenol Corporation stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $87.28, for a total value of $2,443,840.00. The disclosure for this sale can be found here. Insiders have sold 397,000 shares of company stock worth $33,877,390 over the last three months. Insiders own 2.51% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. First Bank & Trust lifted its stake in shares of Amphenol Corporation by 0.5% in the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock worth $638,000 after acquiring an additional 43 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Amphenol Corporation by 1.6% in the second quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock worth $290,000 after acquiring an additional 60 shares during the period. Greenleaf Trust lifted its stake in shares of Amphenol Corporation by 0.4% in the second quarter. Greenleaf Trust now owns 23,397 shares of the electronics maker’s stock worth $1,727,000 after acquiring an additional 95 shares during the period. People s United Financial Inc. lifted its stake in shares of Amphenol Corporation by 6.8% in 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 period. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Amphenol Corporation by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the electronics maker’s stock worth $1,403,000 after acquiring an additional 100 shares during the period. 97.07% of the stock is currently owned by institutional investors.

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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