Amphenol Corporation (NYSE:APH)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $78.39 and last traded at $78.53, with a volume of 688,193 shares trading hands. The stock had previously closed at $77.97.
APH has been the topic of several recent research reports. Royal Bank Of Canada raised their target price on Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a report on Thursday, April 27th. Stifel Nicolaus raised their target price on Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, April 27th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Friday, April 28th. Deutsche Bank AG raised their price target on Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Morgan Stanley raised their price target on Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $79.00.
The stock has a market capitalization of $23.95 billion, a P/E ratio of 26.40 and a beta of 0.77. The stock’s 50-day moving average is $76.14 and its 200 day moving average is $72.82.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. On average, equities research analysts expect that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is currently 21.55%.
In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction dated 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 sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at $22,916,676.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP William J. Doherty sold 61,800 shares of Amphenol Corporation stock in a transaction dated 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 sale, the vice president now directly owns 8,800 shares in the company, valued at approximately $687,456. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,050,200 shares of company stock worth $79,467,056. 2.51% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in APH. Reilly Herbert Faulkner III raised its stake in Amphenol Corporation by 1.3% in the first quarter. Reilly Herbert Faulkner III now owns 57,069 shares of the electronics maker’s stock valued at $4,062,000 after buying an additional 750 shares during the period. First Merchants Corp raised its stake in Amphenol Corporation by 57.4% in the first quarter. First Merchants Corp now owns 18,744 shares of the electronics maker’s stock valued at $1,334,000 after buying an additional 6,837 shares during the period. KAMES CAPITAL plc raised its stake in Amphenol Corporation by 10.9% in the first quarter. KAMES CAPITAL plc now owns 126,733 shares of the electronics maker’s stock valued at $9,017,000 after buying an additional 12,495 shares during the period. Greenwich Wealth Management LLC raised its stake in Amphenol Corporation by 0.9% in the first quarter. Greenwich Wealth Management LLC now owns 13,461 shares of the electronics maker’s stock valued at $958,000 after buying an additional 119 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Amphenol Corporation by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 172,261 shares of the electronics maker’s stock valued at $12,265,000 after buying an additional 9,832 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.
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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