Brokerages Set Amphenol Corporation (APH) PT at $80.38
Amphenol Corporation (NYSE:APH) has received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $82.25.
Several research firms have recently commented on APH. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, October 2nd. BidaskClub raised shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 price target (up previously from $80.00) on shares of Amphenol Corporation in a research note on Thursday. Royal Bank Of Canada upped their price target on shares of Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research note on Monday, August 14th.
Amphenol Corporation (APH) traded up 0.32% during mid-day trading on Wednesday, hitting $86.58. 795,172 shares of the stock traded hands. The company has a market cap of $26.45 billion, a P/E ratio of 29.15 and a beta of 0.79. The company’s 50 day moving average is $81.88 and its 200 day moving average is $75.85. Amphenol Corporation has a 12 month low of $62.64 and a 12 month high of $86.59.
Amphenol Corporation (NYSE:APH) last released its 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 for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.88%. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio is presently 25.59%.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total value of $15,590,000.00. Following the completion of the transaction, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Luc Walter sold 110,400 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the completion of the transaction, the senior vice president now directly owns 130,400 shares of the company’s stock, valued at $10,132,080. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 433,200 shares of company stock worth $33,886,886. 2.51% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Birch Hill Investment Advisors LLC purchased a new position in Amphenol Corporation during the 1st quarter worth approximately $105,000. Dupont Capital Management Corp purchased a new position in Amphenol Corporation during the 2nd quarter worth approximately $109,000. People s United Financial Inc. raised its position in Amphenol Corporation by 6.8% during the 2nd 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 last quarter. Israel Discount Bank of New York purchased a new position in Amphenol Corporation during the 1st quarter worth approximately $121,000. Finally, Parallel Advisors LLC raised its position in Amphenol Corporation by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after buying an additional 391 shares during the last quarter. 96.88% of the stock is 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.
Receive News & Ratings for Amphenol Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.