Amphenol Corporation’s (APH) “Top Pick” Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada restated their top pick rating on shares of Amphenol Corporation (NYSE:APH) in a report published on Tuesday morning. Royal Bank Of Canada currently has a $85.00 price objective on the electronics maker’s stock, up from their previous price objective of $81.00.
A number of other analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) lowered shares of Amphenol Corporation from a buy rating to a neutral rating and increased their price target for the stock from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Amphenol Corporation from a hold rating to a buy rating and set a $85.00 price target for the company in a research report on Wednesday, June 7th. Stifel Nicolaus reissued a hold rating and issued a $72.00 price target on shares of Amphenol Corporation in a research report on Friday, July 14th. Finally, BidaskClub lowered shares of Amphenol Corporation from a buy rating to a hold rating in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $79.63.
Shares of Amphenol Corporation (NYSE:APH) opened at 80.16 on Tuesday. The stock’s 50 day moving average is $76.91 and its 200-day moving average is $73.26. Amphenol Corporation has a one year low of $60.97 and a one year high of $80.33. The firm has a market cap of $24.48 billion, a P/E ratio of 26.99 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio (DPR) is presently 21.55%.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the transaction, the chief executive officer now owns 293,992 shares of the company’s stock, valued at $22,916,676.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,188,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 464,200 shares of company stock worth $36,141,506. Insiders own 2.51% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Birch Hill Investment Advisors LLC acquired a new position in shares of Amphenol Corporation during the first quarter valued at $105,000. Dupont Capital Management Corp acquired a new position in shares of Amphenol Corporation during the second quarter valued at $109,000. People s United Financial Inc. raised its position 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 buying an additional 95 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after buying an additional 1,200 shares during the last quarter. Finally, Israel Discount Bank of New York acquired a new position in shares of Amphenol Corporation during the first quarter valued at $121,000. 96.86% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for Amphenol Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corporation and related stocks with our FREE daily email newsletter.