Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Amphenol from a buy rating to a hold rating in a report on Tuesday, December 26th. SunTrust Banks increased their price target on shares of Amphenol from $77.00 to $82.00 and gave the stock a neutral rating in a report on Thursday, October 26th. Morgan Stanley reiterated an equal weight rating and issued a $85.00 price target on shares of Amphenol in a report on Wednesday, December 13th. Deutsche Bank reiterated a buy rating and issued a $95.00 price target (up previously from $80.00) on shares of Amphenol in a report on Thursday, October 5th. Finally, Wells Fargo & Co initiated coverage on shares of Amphenol in a report on Friday, November 10th. They issued an outperform rating and a $98.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $89.60.
Amphenol (NYSE:APH) traded up $0.84 on Wednesday, hitting $93.13. 1,789,225 shares of the stock traded hands, compared to its average volume of 916,507. Amphenol has a 12-month low of $66.00 and a 12-month high of $93.62. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $28,436.22, a P/E ratio of 29.66, a P/E/G ratio of 2.44 and a beta of 0.81.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company earned $0.73 EPS. Amphenol’s quarterly revenue was up 12.5% on a year-over-year basis. research analysts expect that Amphenol will post 3.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.82%. Amphenol’s payout ratio is 24.20%.
In other news, CFO Craig A. Lampo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $89.51, for a total transaction of $895,100.00. Following the sale, the chief financial officer now owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diana G. Reardon sold 503,000 shares of the firm’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 transaction of $45,637,190.00. Following the sale, the director now directly owns 260,000 shares in the company, valued at approximately $23,589,800. The disclosure for this sale can be found here. Insiders have sold a total of 849,000 shares of company stock worth $75,518,690 in the last ninety days. Corporate insiders own 2.51% of the company’s stock.
Large investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new position in shares of Amphenol during the 3rd quarter valued at approximately $3,008,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Amphenol during the 2nd quarter valued at approximately $392,000. Whittier Trust Co. lifted its position in shares of Amphenol by 3,390.3% during the 3rd quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock valued at $7,563,000 after buying an additional 86,792 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its position in shares of Amphenol by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 268,024 shares of the electronics maker’s stock valued at $22,685,000 after buying an additional 3,402 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Amphenol during the 3rd quarter valued at approximately $13,263,000. Hedge funds and other institutional investors own 96.63% 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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