Amphenol Corp. (APH) Rating Reiterated by RBC Capital Markets
Amphenol Corp. (NYSE:APH)‘s stock had its “top pick” rating reiterated by RBC Capital Markets in a research report issued to clients and investors on Tuesday. They currently have a $66.00 target price on the stock, up from their previous target price of $65.00. RBC Capital Markets’ price objective would suggest a potential upside of 3.51% from the stock’s current price.
Several other research firms have also commented on APH. Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research note on Tuesday. Finally, Royal Bank Of Canada boosted their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note 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 stock. The company presently has a consensus rating of “Buy” and an average target price of $68.11.
Amphenol Corp. (NYSE:APH) traded up 0.93% on Tuesday, reaching $64.35. 1,073,492 shares of the company’s stock traded hands. The stock has a market cap of $19.87 billion, a price-to-earnings ratio of 26.47 and a beta of 1.16. Amphenol Corp. has a 12-month low of $44.50 and a 12-month high of $65.18. The stock has a 50 day moving average price of $61.23 and a 200 day moving average price of $58.45.
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Amphenol Corp. (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm earned $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. Amphenol Corp.’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. Analysts forecast that Amphenol Corp. will post $2.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.88%. Amphenol Corp.’s dividend payout ratio (DPR) is currently 23.05%.
In other news, insider Richard Adam Norwitt sold 262,000 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $59.01, for a total value of $15,460,620.00. Following the sale, the insider now directly owns 137,992 shares of the company’s stock, valued at approximately $8,142,907.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Patrick Gillard sold 30,000 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $59.06, for a total transaction of $1,771,800.00. Following the completion of the sale, the vice president now directly owns 6,400 shares in the company, valued at $377,984. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its stake in Amphenol Corp. by 2.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 32,620 shares of the company’s stock valued at $1,704,000 after buying an additional 880 shares during the period. Norges Bank purchased a new stake in shares of Amphenol Corp. during the fourth quarter worth about $123,738,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Amphenol Corp. by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 260,578 shares of the company’s stock worth $15,067,000 after buying an additional 5,802 shares during the period. Independent Portfolio Consultants Inc. increased its stake in shares of Amphenol Corp. by 26.2% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,440 shares of the company’s stock worth $315,000 after buying an additional 1,130 shares during the period. Finally, PacWest Financial Management Inc increased its stake in shares of Amphenol Corp. by 0.7% in the first quarter. PacWest Financial Management Inc now owns 37,320 shares of the company’s stock worth $2,157,000 after buying an additional 250 shares during the period. 96.85% of the stock is currently owned by institutional investors and hedge funds.
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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