Shares of Amphenol Corporation (NYSE:APH) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $86.78.
APH has been the subject of several recent research reports. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Thursday, September 14th. Stifel Nicolaus boosted their price target on Amphenol Corporation from $78.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 price target (up from $80.00) on shares of Amphenol Corporation in a research report on Thursday, October 5th. BidaskClub raised Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Finally, SunTrust Banks, Inc. boosted their price target on Amphenol Corporation from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th.
Shares of Amphenol Corporation (NYSE:APH) traded up $0.46 during trading on Friday, hitting $87.33. 948,715 shares of the stock traded hands, compared to its average volume of 1,225,127. The firm has a market cap of $26.74 billion, a price-to-earnings ratio of 27.81 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. equities analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 0.87%. Amphenol Corporation’s payout ratio is presently 24.20%.
In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of the business’s 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 sale, the vice president now owns 8,800 shares in the company, valued at approximately $687,456. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total value of $18,942,000.00. Following the sale, the chief executive officer now owns 216,492 shares in the company, valued at approximately $18,639,961.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 458,800 shares of company stock worth $38,705,206. Company insiders own 2.51% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in shares of Amphenol Corporation in the second quarter worth about $109,000. People s United Financial Inc. boosted its stake in shares of Amphenol Corporation by 6.8% in the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after buying an additional 95 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Amphenol Corporation by 28.9% in the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after buying an additional 391 shares during the last quarter. Cribstone Capital Management LLC boosted its stake in shares of Amphenol Corporation by 123.5% in the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after buying an additional 1,050 shares during the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Amphenol Corporation in the second quarter worth about $148,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.
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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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