Amphenol Corporation (APH) Receives Consensus Rating of “Buy” from Brokerages
Amphenol Corporation (NYSE:APH) has been given a consensus recommendation of “Buy” by the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $87.90.
A number of research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 price objective on shares of Amphenol in a research note on Wednesday, December 13th. Wells Fargo & Company began coverage on Amphenol in a report on Friday, November 10th. They set an “outperform” rating and a $98.00 target price for the company. SunTrust Banks boosted their target price on Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Deutsche Bank boosted their target price on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Stifel Nicolaus boosted their target price on Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 26th.
Amphenol (APH) traded down $0.10 during midday trading on Monday, hitting $89.13. 1,551,200 shares of the stock were exchanged, compared to its average volume of 1,147,564. Amphenol has a one year low of $66.00 and a one year high of $91.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. The firm has a market cap of $27,217.92, a P/E ratio of 28.30, a P/E/G ratio of 2.51 and a beta of 0.81.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol’s dividend payout ratio is presently 24.20%.
In other Amphenol news, VP Jean-Luc Gavelle sold 88,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $86.37, for a total value of $7,600,560.00. Following the completion of the transaction, the vice president now owns 48,000 shares in the company, valued at approximately $4,145,760. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Diana G. Reardon sold 503,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the transaction, the director now owns 260,000 shares of the company’s stock, valued at approximately $23,589,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 849,000 shares of company stock valued at $75,518,690. 2.51% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dupont Capital Management Corp purchased a new position in shares of Amphenol during the 2nd quarter valued at approximately $109,000. People s United Financial Inc. boosted its stake in shares of Amphenol by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Amphenol by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after buying an additional 391 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Amphenol during the 2nd quarter valued at approximately $148,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of Amphenol by 123.5% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after buying an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
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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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