Wells Fargo & Company started coverage on shares of Amphenol Corporation (NYSE:APH) in a report issued on Friday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $98.00 target price on the electronics maker’s stock.
A number of other research analysts have also issued reports on the stock. SunTrust Banks, Inc. upped their price target on shares of Amphenol Corporation from $77.00 to $82.00 and gave the company a neutral rating in a research note on Thursday, October 26th. Deutsche Bank AG upped their price objective on shares of Amphenol Corporation from $95.00 to $96.00 and gave the company a buy rating in a report on Thursday, October 26th. Morgan Stanley upped their price objective on shares of Amphenol Corporation from $74.00 to $85.00 and gave the company an equal weight rating in a report on Thursday, October 26th. Stifel Nicolaus upped their price objective on shares of Amphenol Corporation from $78.00 to $85.00 and gave the company a hold rating in a report on Thursday, October 26th. Finally, Canaccord Genuity reaffirmed a hold rating on shares of Amphenol Corporation in a report on Monday, October 16th. Five research 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. Amphenol Corporation presently has a consensus rating of Buy and a consensus price target of $87.90.
Amphenol Corporation (NYSE:APH) opened at $88.48 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. The company has a market cap of $26,933.96, a P/E ratio of 28.00, a P/E/G ratio of 2.71 and a beta of 0.80. Amphenol Corporation has a 52 week low of $66.00 and a 52 week high of $88.62.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted $0.73 EPS. Amphenol Corporation’s revenue was up 12.5% on a year-over-year basis. analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol Corporation’s dividend payout ratio (DPR) is 24.20%.
In related news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,188,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Diana G. Reardon sold 28,000 shares of Amphenol Corporation stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $87.28, for a total transaction of $2,443,840.00. The disclosure for this sale can be found here. Insiders sold 397,000 shares of company stock valued at $33,877,390 over the last quarter. Company insiders own 2.51% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in APH. Dupont Capital Management Corp purchased a new position in shares of Amphenol Corporation in the second quarter valued at approximately $109,000. People s United Financial Inc. boosted its stake in shares of Amphenol Corporation by 6.8% in the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after purchasing an additional 95 shares during the period. Parallel Advisors LLC boosted its stake in shares of Amphenol Corporation by 28.9% in the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after purchasing an additional 391 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of Amphenol Corporation in the second quarter valued at approximately $148,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of Amphenol Corporation by 123.5% in the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 1,050 shares during the period. Institutional investors and hedge funds own 96.74% 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.
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