Amphenol Corporation’s (APH) Top Pick Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada restated their top pick rating on shares of Amphenol Corporation (NYSE:APH) in a report released on Tuesday, Marketbeat Ratings reports. Royal Bank Of Canada currently has a $85.00 target price on the electronics maker’s stock, up from their previous target price of $81.00.
Several other equities analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) lowered shares of Amphenol Corporation from a buy rating to a neutral rating and upped their price target for the stock from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Amphenol Corporation from a hold rating to a buy rating and set a $85.00 price objective for the company in a research note on Wednesday, June 7th. Stifel Nicolaus reiterated a hold rating and set a $72.00 price objective on shares of Amphenol Corporation in a research note on Friday, July 14th. Finally, BidaskClub downgraded shares of Amphenol Corporation from a buy rating to a hold rating in a research note on Tuesday, July 4th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $79.63.
Amphenol Corporation (APH) opened at 80.94 on Tuesday. The stock has a market cap of $24.72 billion, a PE ratio of 27.25 and a beta of 0.77. The company’s 50 day moving average is $77.62 and its 200-day moving average is $73.61. Amphenol Corporation has a 52-week low of $60.97 and a 52-week high of $81.13.
Amphenol Corporation (NYSE:APH) last issued 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. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. Amphenol Corporation’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol Corporation will post $3.09 earnings per share for the current year.
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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 paid a $0.19 dividend. The ex-dividend date is Friday, September 15th. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 0.94%. Amphenol Corporation’s dividend payout ratio is 21.55%.
In other Amphenol Corporation news, VP David M. Silverman sold 16,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the transaction, the vice president now directly owns 16,000 shares in the company, valued at approximately $1,280,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William J. Doherty sold 61,800 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the transaction, the vice president now owns 8,800 shares in the company, valued at $687,456. The disclosure for this sale can be found here. Insiders have sold a total of 418,200 shares of company stock worth $32,672,186 over the last quarter. 2.51% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of APH. Birch Hill Investment Advisors LLC bought a new position in Amphenol Corporation during the first quarter worth approximately $105,000. Dupont Capital Management Corp bought a new position in Amphenol Corporation during the second quarter worth approximately $109,000. People s United Financial Inc. increased its position in 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 buying an additional 95 shares during the period. YorkBridge Wealth Partners LLC increased its position in Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 1,200 shares during the period. Finally, Israel Discount Bank of New York bought a new position in Amphenol Corporation during the first quarter worth approximately $121,000. Hedge funds and other institutional investors own 96.86% of the company’s stock.
Amphenol Corporation 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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