Amphenol Co. (NYSE:APH) has been given an average rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $96.80.
APH has been the topic of a number of research reports. Morgan Stanley raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $102.00 in a report on Thursday, August 9th. Goldman Sachs Group raised shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Tuesday, October 9th. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, October 11th.
Shares of NYSE APH traded up $1.84 during midday trading on Monday, reaching $89.78. The company’s stock had a trading volume of 79,567 shares, compared to its average volume of 1,421,810. Amphenol has a 12-month low of $80.42 and a 12-month high of $97.56. The company has a market capitalization of $26.50 billion, a PE ratio of 28.77, a PEG ratio of 2.00 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 0.61.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Monday, December 17th will be issued a $0.23 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.02%. Amphenol’s dividend payout ratio (DPR) is presently 29.49%.
In other Amphenol news, VP Richard Gu sold 2,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $87.00, for a total transaction of $174,000.00. Following the sale, the vice president now owns 3,000 shares of the company’s stock, valued at approximately $261,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David M. Silverman sold 7,500 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $95.51, for a total transaction of $716,325.00. Following the sale, the vice president now directly owns 7,500 shares in the company, valued at approximately $716,325. The disclosure for this sale can be found here. Insiders own 2.34% of the company’s stock.
A number of hedge funds have recently modified their holdings of APH. Vanguard Group Inc. increased its holdings in shares of Amphenol by 0.3% in the third quarter. Vanguard Group Inc. now owns 31,413,615 shares of the electronics maker’s stock worth $2,953,509,000 after purchasing an additional 95,433 shares during the period. Morgan Stanley increased its holdings in shares of Amphenol by 13.8% in the third quarter. Morgan Stanley now owns 1,253,743 shares of the electronics maker’s stock worth $117,878,000 after purchasing an additional 152,072 shares during the period. Legal & General Group Plc increased its holdings in shares of Amphenol by 1.6% in the third quarter. Legal & General Group Plc now owns 1,430,260 shares of the electronics maker’s stock worth $134,453,000 after purchasing an additional 22,502 shares during the period. Standard Life Aberdeen plc increased its holdings in shares of Amphenol by 10.9% in the third quarter. Standard Life Aberdeen plc now owns 92,136 shares of the electronics maker’s stock worth $8,664,000 after purchasing an additional 9,061 shares during the period. Finally, B. Riley Wealth Management Inc. bought a new position in shares of Amphenol in the third quarter worth $1,720,000. 94.46% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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