Cowen reiterated their buy rating on shares of Amphenol (NYSE:APH) in a research report sent to investors on Wednesday morning. They currently have a $105.00 price target on the electronics maker’s stock.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity reiterated a hold rating on shares of Amphenol in a report on Monday, October 16th. Morgan Stanley boosted their price objective on Amphenol from $74.00 to $85.00 and gave the company an equal weight rating in a report on Thursday, October 26th. Zacks Investment Research upgraded Amphenol from a hold rating to a buy rating and set a $92.00 price objective on the stock in a report on Thursday, September 14th. Wells Fargo & Co began coverage on Amphenol in a report on Friday, November 10th. They issued an outperform rating and a $98.00 price objective on the stock. Finally, SunTrust Banks boosted their price objective on Amphenol from $77.00 to $82.00 and gave the company a neutral rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $89.60.
Shares of Amphenol (NYSE APH) opened at $91.83 on Wednesday. Amphenol has a 1 year low of $66.00 and a 1 year high of $91.94. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $28,039.28, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.41 and a beta of 0.81.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. equities research analysts expect that Amphenol will post 3.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Monday, December 18th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 0.83%. Amphenol’s payout ratio is 24.20%.
In related news, Director Diana G. Reardon sold 503,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 260,000 shares of the company’s stock, valued at approximately $23,589,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total value of $18,942,000.00. Following the transaction, the chief executive officer now directly owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The disclosure for this sale can be found here. Insiders have sold a total of 849,000 shares of company stock valued at $75,518,690 over the last three months. 2.51% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. People s United Financial Inc. boosted its position in shares of Amphenol by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after acquiring an additional 95 shares in the last quarter. Comerica Securities Inc. boosted its position in shares of Amphenol by 6.2% during the 2nd quarter. Comerica Securities Inc. now owns 4,213 shares of the electronics maker’s stock worth $312,000 after acquiring an additional 245 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Amphenol by 1.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 19,538 shares of the electronics maker’s stock worth $1,442,000 after acquiring an additional 308 shares in the last quarter. Prudential PLC boosted its position in shares of Amphenol by 1.5% during the 2nd quarter. Prudential PLC now owns 27,900 shares of the electronics maker’s stock worth $2,060,000 after acquiring an additional 400 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Amphenol by 1.7% during the 2nd quarter. Flinton Capital Management LLC now owns 26,418 shares of the electronics maker’s stock worth $1,950,000 after acquiring an additional 442 shares in the last quarter. 96.55% of the stock is owned by institutional investors and hedge funds.
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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