Shares of Amphenol Co. (NYSE:APH) have received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $94.29.
APH has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Friday, May 25th. Morgan Stanley raised their price target on shares of Amphenol from $90.00 to $93.00 and gave the company an “equal weight” rating in a research report on Thursday, April 26th. Finally, Stifel Nicolaus raised their price target on shares of Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Thursday, July 26th.
In other news, VP Lance E. D’amico sold 8,000 shares of Amphenol stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $95.60, for a total value of $764,800.00. Following the sale, the vice president now owns 10,000 shares in the company, valued at $956,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 32,500 shares of Amphenol stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $95.54, for a total transaction of $3,105,050.00. Following the completion of the sale, the chief financial officer now owns 45,000 shares in the company, valued at approximately $4,299,300. The disclosure for this sale can be found here. In the last quarter, insiders sold 601,013 shares of company stock worth $56,792,474. Company insiders own 2.51% of the company’s stock.
Several large investors have recently bought and sold shares of APH. Nomura Asset Management Co. Ltd. lifted its position in shares of Amphenol by 3.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 44,278 shares of the electronics maker’s stock worth $3,859,000 after buying an additional 1,460 shares during the last quarter. Sei Investments Co. purchased a new stake in Amphenol in the 2nd quarter valued at $17,558,000. Financial Counselors Inc. raised its position in Amphenol by 5.3% in the 2nd quarter. Financial Counselors Inc. now owns 16,261 shares of the electronics maker’s stock valued at $1,417,000 after purchasing an additional 812 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Amphenol in the 2nd quarter valued at $2,750,000. Finally, KBC Group NV raised its position in Amphenol by 54.1% in the 2nd quarter. KBC Group NV now owns 28,660 shares of the electronics maker’s stock valued at $2,498,000 after purchasing an additional 10,063 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:APH traded up $0.02 during midday trading on Tuesday, reaching $93.86. 915,424 shares of the stock traded hands, compared to its average volume of 1,188,323. Amphenol has a 12-month low of $77.47 and a 12-month high of $95.90. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $28.19 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.41 and a beta of 0.90.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Amphenol had a net margin of 9.49% and a return on equity of 27.49%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. analysts expect that Amphenol will post 3.61 EPS for the current year.
Amphenol announced that its Board of Directors has initiated a stock buyback plan on Wednesday, April 25th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Monday, September 17th will be given a $0.23 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.92 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is 29.49%.
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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