Amphenol Corporation (APH) Given Average Recommendation of “Buy” by Analysts
Shares of Amphenol Corporation (NYSE:APH) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $79.75.
A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Stifel Nicolaus reissued a “hold” rating and set a $72.00 target price on shares of Amphenol Corporation in a report on Friday, July 14th. BidaskClub raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) lowered shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $78.00 in a report on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th.
Shares of Amphenol Corporation (APH) traded up 0.01% during trading on Friday, reaching $80.52. 709,948 shares of the company traded hands. Amphenol Corporation has a 12-month low of $60.97 and a 12-month high of $81.17. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 27.11 and a beta of 0.76. The company has a 50 day moving average price of $78.49 and a 200 day moving average price of $74.01.
Amphenol Corporation (NYSE:APH) last posted its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts predict that Amphenol Corporation will post $3.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be given a $0.19 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is 21.55%.
In other news, CEO Richard Adam Norwitt sold 200,000 shares of the business’s 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 transaction, the chief executive officer now owns 293,992 shares in the company, valued at approximately $22,916,676.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William J. Doherty sold 61,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the completion of the transaction, the vice president now owns 8,800 shares in the company, valued at approximately $687,456. The disclosure for this sale can be found here. Insiders sold a total of 433,200 shares of company stock worth $33,886,886 in the last 90 days. Corporate insiders own 2.51% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of Amphenol Corporation by 0.5% in the 1st quarter. FMR LLC now owns 39,355,583 shares of the electronics maker’s stock worth $2,800,937,000 after purchasing an additional 208,471 shares during the period. Vanguard Group Inc. lifted its position in shares of Amphenol Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after purchasing an additional 765,862 shares during the period. Capital World Investors lifted its position in shares of Amphenol Corporation by 0.9% in the 2nd quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock worth $1,922,328,000 after purchasing an additional 236,214 shares during the period. BlackRock Inc. lifted its position in shares of Amphenol Corporation by 2,540.0% in the 1st quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock worth $1,356,586,000 after purchasing an additional 18,339,185 shares during the period. Finally, State Street Corp lifted its position in shares of Amphenol Corporation by 1.7% in the 1st quarter. State Street Corp now owns 12,171,868 shares of the electronics maker’s stock worth $866,273,000 after purchasing an additional 203,486 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.
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.
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