Amphenol Co. (NYSE:APH) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $103.50.
APH has been the subject of several research analyst reports. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Monday, December 3rd. Morgan Stanley boosted their target price on shares of Amphenol from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Wells Fargo & Co set a $105.00 target price on shares of Amphenol and gave the stock a “buy” rating in a research report on Monday. Finally, Bank of America reissued a “buy” rating and set a $107.00 target price (up from $103.00) on shares of Amphenol in a research report on Thursday, February 7th.
APH traded down $1.10 during midday trading on Wednesday, hitting $94.61. The company had a trading volume of 37,896 shares, compared to its average volume of 962,728. Amphenol has a 52 week low of $74.95 and a 52 week high of $97.56. The company has a current ratio of 1.87, a quick ratio of 1.36 and a debt-to-equity ratio of 0.69. The company has a market cap of $28.53 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 23rd. The electronics maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.07. Amphenol had a net margin of 14.69% and a return on equity of 29.82%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. On average, research analysts forecast that Amphenol will post 3.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s payout ratio is presently 24.40%.
In other news, VP Lance E. D’amico sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $95.42, for a total transaction of $954,200.00. Following the completion of the sale, the vice president now directly owns 12,000 shares of the company’s stock, valued at $1,145,040. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jean-Luc Gavelle sold 31,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $94.00, for a total transaction of $2,914,000.00. Following the sale, the vice president now directly owns 31,000 shares of the company’s stock, valued at $2,914,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,000 shares of company stock valued at $4,916,500. 2.34% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Ardevora Asset Management LLP boosted its holdings in Amphenol by 11.1% during the fourth quarter. Ardevora Asset Management LLP now owns 422,848 shares of the electronics maker’s stock worth $34,259,000 after purchasing an additional 42,300 shares during the last quarter. AXA boosted its holdings in Amphenol by 21.8% during the third quarter. AXA now owns 227,093 shares of the electronics maker’s stock worth $21,352,000 after purchasing an additional 40,600 shares during the last quarter. Legal & General Group Plc boosted its holdings in Amphenol by 1.6% during 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 last quarter. Addenda Capital Inc. purchased a new position in Amphenol during the fourth quarter worth about $4,226,000. Finally, Penobscot Investment Management Company Inc. boosted its holdings in Amphenol by 2.6% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 17,905 shares of the electronics maker’s stock worth $1,451,000 after purchasing an additional 460 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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