Morgan Stanley Raises Amphenol Corporation (APH) Price Target to $85.00

Amphenol Corporation (NYSE:APH) had its price objective boosted by Morgan Stanley from $74.00 to $85.00 in a research note released on Thursday, October 26th. Morgan Stanley currently has an equal weight rating on the electronics maker’s stock.

A number of other analysts have also recently commented on APH. BidaskClub cut Amphenol Corporation from a buy rating to a hold rating in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) lowered Amphenol Corporation from a buy rating to a neutral rating and boosted their price target for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Stifel Nicolaus reissued a hold rating and set a $72.00 price target on shares of Amphenol Corporation in a report on Friday, July 14th. Zacks Investment Research raised Amphenol Corporation from a hold rating to a buy rating and set a $84.00 price objective for the company in a research note on Wednesday, July 19th. Finally, Royal Bank Of Canada reaffirmed a top pick rating and issued a $85.00 price objective (up previously from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol Corporation has a consensus rating of Buy and a consensus price target of $87.90.

Shares of Amphenol Corporation (APH) opened at $88.21 on Thursday. The firm has a market capitalization of $26,933.95, a P/E ratio of 28.00, a PEG ratio of 2.71 and a beta of 0.80. Amphenol Corporation has a 1 year low of $66.00 and a 1 year high of $88.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27.

Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. equities research analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 0.86%. Amphenol Corporation’s dividend payout ratio (DPR) is currently 24.20%.

In other news, VP David M. Silverman sold 16,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total value of $1,280,640.00. Following the completion of the sale, the vice president now owns 16,000 shares of the company’s stock, valued at approximately $1,280,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total value of $1,195,500.00. Following the completion of the transaction, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The disclosure for this sale can be found here. Insiders have sold a total of 397,000 shares of company stock worth $33,877,390 in the last ninety days. Insiders own 2.51% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. First Bank & Trust raised its stake in shares of Amphenol Corporation by 0.5% during the 2nd quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock valued at $638,000 after buying an additional 43 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Amphenol Corporation by 1.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock valued at $290,000 after buying an additional 60 shares during the last quarter. Greenleaf Trust raised its stake in shares of Amphenol Corporation by 0.4% during the 2nd quarter. Greenleaf Trust now owns 23,397 shares of the electronics maker’s stock valued at $1,727,000 after buying an additional 95 shares during the last quarter. People s United Financial Inc. raised its stake in shares of Amphenol Corporation by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Amphenol Corporation by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the electronics maker’s stock valued at $1,403,000 after acquiring an additional 100 shares during the period. Institutional investors own 97.07% of the company’s stock.

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.

Analyst Recommendations for Amphenol Corporation (NYSE:APH)

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