A number of other brokerages have also issued reports on APH. Morgan Stanley reaffirmed an equal weight rating and issued a $85.00 price target on shares of Amphenol in a research note on Wednesday, December 13th. Zacks Investment Research lowered Amphenol from a buy rating to a hold rating in a research note on Tuesday, December 26th. SunTrust Banks lifted their price target on Amphenol from $77.00 to $82.00 and gave the stock a neutral rating in a research note on Thursday, October 26th. Deutsche Bank lifted their price target on Amphenol from $95.00 to $96.00 and gave the stock a buy rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus lifted their price target on Amphenol from $78.00 to $85.00 and gave the stock a hold rating in a research note on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Amphenol presently has an average rating of Buy and a consensus target price of $89.60.
Shares of Amphenol (NYSE:APH) opened at $91.83 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. The stock has a market capitalization of $28,039.28, a P/E ratio of 29.15, a PEG ratio of 2.41 and a beta of 0.81. Amphenol has a 12 month low of $66.00 and a 12 month high of $91.94.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. research analysts predict that Amphenol will post 3.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Monday, December 18th were given a dividend of $0.19 per share. The ex-dividend date was Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.83%. Amphenol’s payout ratio is 24.20%.
In related news, CEO Richard Adam Norwitt sold 220,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the transaction, the chief executive officer now owns 216,492 shares in the company, valued at $18,639,961.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Diana G. Reardon sold 503,000 shares of Amphenol 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 transaction, the director now owns 260,000 shares in the company, valued at approximately $23,589,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 849,000 shares of company stock worth $75,518,690. 2.51% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in Amphenol in the second quarter valued at $257,000. Commonwealth Bank of Australia raised its position in Amphenol by 3.8% in the second quarter. Commonwealth Bank of Australia now owns 17,666 shares of the electronics maker’s stock valued at $1,303,000 after purchasing an additional 650 shares during the period. Franklin Resources Inc. raised its position in Amphenol by 81.9% in the second quarter. Franklin Resources Inc. now owns 936,898 shares of the electronics maker’s stock valued at $69,162,000 after purchasing an additional 421,950 shares during the period. Capital Fund Management S.A. purchased a new stake in Amphenol in the second quarter valued at $1,074,000. Finally, Riverhead Capital Management LLC raised its position in Amphenol by 1.6% in the second quarter. Riverhead Capital Management LLC now owns 19,538 shares of the electronics maker’s stock valued at $1,442,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors own 96.55% of the company’s stock.
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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