Amphenol Corp. (APH) Earns Top Pick Rating from RBC Capital Markets
Amphenol Corp. (NYSE:APH)‘s stock had its “top pick” rating restated by investment analysts at RBC Capital Markets in a report issued on Tuesday. They currently have a $66.00 price objective on the stock, up from their prior price objective of $65.00. RBC Capital Markets’ price objective would suggest a potential upside of 3.51% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $60.00 to $70.00 in a research report on Tuesday. Zacks Investment Research upgraded shares of Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Friday, July 22nd. Finally, Royal Bank Of Canada raised their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research report on Thursday, July 21st. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Amphenol Corp. presently has an average rating of “Buy” and an average target price of $68.11.
Shares of Amphenol Corp. (NYSE:APH) traded up 0.94% during midday trading on Tuesday, hitting $64.36. The company had a trading volume of 1,031,067 shares. The company has a market capitalization of $19.87 billion, a PE ratio of 26.47 and a beta of 1.16. The company has a 50-day moving average of $61.23 and a 200-day moving average of $58.45. Amphenol Corp. has a 12 month low of $44.50 and a 12 month high of $65.18.
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Amphenol Corp. (NYSE:APH) last announced its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The business earned $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. Analysts predict that Amphenol Corp. will post $2.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. Amphenol Corp.’s payout ratio is 23.05%.
In other news, VP William J. Doherty sold 26,000 shares of Amphenol Corp. stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $59.89, for a total transaction of $1,557,140.00. Following the completion of the sale, the vice president now directly owns 6,800 shares in the company, valued at approximately $407,252. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Richard Schneider sold 57,800 shares of Amphenol Corp. stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $60.82, for a total transaction of $3,515,396.00. Following the sale, the senior vice president now owns 100,574 shares of the company’s stock, valued at $6,116,910.68. The disclosure for this sale can be found here. Insiders own 2.92% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Winton Capital Group Ltd boosted its position in shares of Amphenol Corp. by 26.3% in the fourth quarter. Winton Capital Group Ltd now owns 871,779 shares of the company’s stock worth $45,533,000 after buying an additional 181,298 shares during the period. Wellington Management Group LLP boosted its position in shares of Amphenol Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 2,919,191 shares of the company’s stock worth $168,788,000 after buying an additional 156,760 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Amphenol Corp. by 10.5% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 143,900 shares of the company’s stock worth $7,516,000 after buying an additional 13,700 shares during the period. Capital Fund Management S.A. boosted its position in shares of Amphenol Corp. by 4.3% in the fourth quarter. Capital Fund Management S.A. now owns 125,600 shares of the company’s stock worth $6,560,000 after buying an additional 5,200 shares during the period. Finally, BTIM Corp. boosted its position in shares of Amphenol Corp. by 30.2% in the fourth quarter. BTIM Corp. now owns 21,685 shares of the company’s stock worth $1,133,000 after buying an additional 5,025 shares during the period. Institutional investors own 96.85% of the company’s stock.
Amphenol Corp. 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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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