Amphenol Corp. (APH) Given Top Pick Rating at RBC Capital Markets
Amphenol Corp. (NYSE:APH)‘s stock had its “top pick” rating restated by equities research analysts at RBC Capital Markets in a research report issued on Wednesday. They presently have a $71.00 target price on the stock, up from their previous target price of $69.00. RBC Capital Markets’ target price would suggest a potential upside of 4.01% from the stock’s current price.
Several other equities analysts have also commented on APH. Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $70.00 in a research report on Tuesday, September 20th. Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Finally, Royal Bank Of Canada upped their price target on shares of Amphenol Corp. from $68.00 to $69.00 and gave the stock a “top pick” rating in a research report on Thursday, October 20th. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $69.56.
Amphenol Corp. (NYSE:APH) opened at 68.26 on Wednesday. The stock has a market cap of $21.06 billion, a PE ratio of 27.41 and a beta of 0.98. Amphenol Corp. has a 12 month low of $44.50 and a 12 month high of $69.19. The firm has a 50-day moving average of $66.00 and a 200 day moving average of $61.51.
Amphenol Corp. (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Amphenol Corp. had a net margin of 12.98% and a return on equity of 23.48%. The firm earned $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. Amphenol Corp.’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts anticipate that Amphenol Corp. will post $2.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Tuesday, December 13th will be paid a $0.16 dividend. This is an increase from Amphenol Corp.’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 0.94%. Amphenol Corp.’s dividend payout ratio is 22.49%.
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In other Amphenol Corp. news, CFO Craig A. Lampo sold 25,000 shares of the stock in a transaction on Friday, October 21st. The shares were sold at an average price of $66.19, for a total transaction of $1,654,750.00. Following the transaction, the chief financial officer now directly owns 50,000 shares in the company, valued at approximately $3,309,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Ivas sold 17,500 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $66.01, for a total transaction of $1,155,175.00. Following the transaction, the vice president now owns 25,000 shares in the company, valued at $1,650,250. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. increased its position in Amphenol Corp. by 2.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 88,041 shares of the company’s stock worth $5,047,000 after buying an additional 2,000 shares during the period. Independent Portfolio Consultants Inc. increased its position in Amphenol Corp. by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,070 shares of the company’s stock worth $348,000 after buying an additional 630 shares during the period. Nisa Investment Advisors LLC increased its position in Amphenol Corp. by 3.0% in the second quarter. Nisa Investment Advisors LLC now owns 190,835 shares of the company’s stock worth $10,941,000 after buying an additional 5,485 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Amphenol Corp. by 46.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,660 shares of the company’s stock worth $1,930,000 after buying an additional 10,600 shares during the period. Finally, Eqis Capital Management Inc. increased its position in Amphenol Corp. by 2.7% in the second quarter. Eqis Capital Management Inc. now owns 6,533 shares of the company’s stock worth $375,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 96.32% of the company’s stock.
Amphenol Corp. Company Profile
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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