Amphenol Co. (NYSE:APH) has received an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $96.80.
Several brokerages have weighed in on APH. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Monday. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Goldman Sachs Group assumed coverage on Amphenol in a report on Tuesday, October 9th. They set a “neutral” rating for the company. Finally, Morgan Stanley lowered their target price on Amphenol from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, October 3rd.
Shares of NYSE APH traded down $2.20 during trading on Monday, reaching $83.45. The stock had a trading volume of 6,617 shares, compared to its average volume of 1,437,188. Amphenol has a one year low of $80.42 and a one year high of $97.56. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $25.81 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.95 and a beta of 0.86.
Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. As a group, equities analysts predict that Amphenol will post 3.7 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.10%. Amphenol’s payout ratio is currently 29.49%.
In related news, VP Richard Gu sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $87.00, for a total value of $174,000.00. Following the transaction, 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 SEC, which is available through this hyperlink. 2.51% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in shares of Amphenol by 256.2% during the 3rd quarter. Capital Research Global Investors now owns 9,600,537 shares of the electronics maker’s stock worth $902,642,000 after acquiring an additional 6,905,120 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Amphenol by 1,165.1% during the second quarter. Voya Investment Management LLC now owns 2,659,699 shares of the electronics maker’s stock valued at $231,792,000 after buying an additional 2,449,464 shares during the period. FMR LLC grew its holdings in Amphenol by 2.1% in the third quarter. FMR LLC now owns 39,361,331 shares of the electronics maker’s stock worth $3,700,752,000 after purchasing an additional 816,589 shares during the period. JPMorgan Chase & Co. grew its holdings in Amphenol by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 7,586,588 shares of the electronics maker’s stock worth $713,292,000 after purchasing an additional 415,589 shares during the period. Finally, Select Equity Group L.P. lifted its stake in shares of Amphenol by 12.8% in the second quarter. Select Equity Group L.P. now owns 2,948,900 shares of the electronics maker’s stock worth $256,997,000 after buying an additional 335,554 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.
Amphenol Company Profile
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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