Amphenol Corporation (APH) Given Average Rating of “Buy” by Brokerages
Shares of Amphenol Corporation (NYSE:APH) have been given an average recommendation of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $78.38.
A number of equities research analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Wednesday, June 7th. Royal Bank Of Canada upped their price objective on shares of Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a report on Tuesday, June 27th. BidaskClub raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $72.00 price objective on shares of Amphenol Corporation in a report on Monday.
In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the completion of the transaction, the chief executive officer now owns 293,992 shares of the company’s stock, valued at $22,916,676.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the transaction, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $2,914,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,065,200 shares of company stock valued at $80,559,956. 2.51% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in APH. Benjamin F. Edwards & Company Inc. raised its position in shares of Amphenol Corporation by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,702 shares of the electronics maker’s stock valued at $192,000 after buying an additional 16 shares during the period. First Bank & Trust raised its position 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 valued at $638,000 after buying an additional 43 shares during the period. Contravisory Investment Management Inc. raised its position 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 valued at $290,000 after buying an additional 60 shares during the period. Cleararc Capital Inc. raised its position in shares of Amphenol Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the electronics maker’s stock valued at $537,000 after buying an additional 65 shares during the period. Finally, Greenleaf Trust raised its position 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 valued at $1,727,000 after buying an additional 95 shares during the period. 95.99% of the stock is owned by institutional investors.
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Amphenol Corporation (NYSE:APH) traded down 0.24% during trading on Tuesday, hitting $78.91. 1,908,915 shares of the company were exchanged. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 26.57 and a beta of 0.77. The stock’s 50-day moving average is $75.63 and its 200-day moving average is $72.56. Amphenol Corporation has a 12 month low of $59.58 and a 12 month high of $79.38.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm posted $0.65 earnings per share. Amphenol Corporation’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts anticipate that Amphenol Corporation will post $3.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio (DPR) is 21.55%.
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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