Stifel Nicolaus restated their hold rating on shares of Amphenol Corporation (NYSE:APH) in a report issued on Friday morning. The firm currently has a $72.00 target price on the electronics maker’s stock.
Several other equities research analysts also recently weighed in on APH. BidaskClub upgraded shares of Amphenol Corporation from a hold rating to a buy rating in a research note on Wednesday, July 12th. Royal Bank Of Canada increased their target price on shares of Amphenol Corporation from $77.00 to $80.00 and gave the stock a top pick rating in a research note on Tuesday, June 27th. Morgan Stanley increased their target price on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an equal weight rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Amphenol Corporation from a buy rating to a hold rating in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Amphenol Corporation from a buy rating to a neutral rating and increased their target price for the stock from $75.00 to $78.00 in a research note on Wednesday, July 5th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $78.38.
Shares of Amphenol Corporation (NYSE APH) traded up 0.39% during midday trading on Friday, hitting $74.84. The stock had a trading volume of 695,235 shares. Amphenol Corporation has a 52-week low of $58.34 and a 52-week high of $76.67. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 26.55 and a beta of 0.77. The firm’s 50 day moving average price is $74.61 and its 200 day moving average price is $70.78.
Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Amphenol Corporation will post $2.97 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Monday, June 19th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, June 15th. This represents a $0.64 annualized dividend and a yield of 0.86%. Amphenol Corporation’s dividend payout ratio is currently 22.70%.
In related news, VP Martin Booker sold 46,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $75.42, for a total transaction of $3,469,320.00. Following the completion of the transaction, the vice president now directly owns 20,400 shares of the company’s stock, valued at $1,538,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the transaction, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at $21,490,815.20. The disclosure for this sale can be found here. Insiders have sold 893,000 shares of company stock valued at $66,184,060 over the last three months. 2.92% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nuance Investments LLC purchased a new position in Amphenol Corporation during the first quarter valued at about $5,611,000. Birch Hill Investment Advisors LLC purchased a new position in Amphenol Corporation during the first quarter valued at about $105,000. National Pension Service boosted its position in Amphenol Corporation by 2.9% in the first quarter. National Pension Service now owns 282,709 shares of the electronics maker’s stock valued at $20,324,000 after buying an additional 8,004 shares in the last quarter. Principal Financial Group Inc. boosted its position in Amphenol Corporation by 0.5% in the first quarter. Principal Financial Group Inc. now owns 474,394 shares of the electronics maker’s stock valued at $33,763,000 after buying an additional 2,345 shares in the last quarter. Finally, USA Financial Portformulas Corp purchased a new position in Amphenol Corporation during the fourth quarter valued at about $3,113,000. 96.60% of the stock is owned by hedge funds and other institutional investors.
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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