Amphenol Corporation (NYSE:APH) has been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $82.25.

A number of equities research analysts have recently issued reports on APH shares. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, September 14th. BidaskClub lowered shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Deutsche Bank AG restated a “buy” rating and issued a $95.00 target price (up previously from $80.00) on shares of Amphenol Corporation in a research note on Thursday. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and upped their target price for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th.

Shares of Amphenol Corporation (NYSE APH) traded down 0.03% during trading on Wednesday, hitting $86.55. The company’s stock had a trading volume of 1,023,708 shares. Amphenol Corporation has a 52 week low of $62.63 and a 52 week high of $86.81. The firm’s 50 day moving average price is $81.88 and its 200-day moving average price is $75.85. The company has a market cap of $26.44 billion, a PE ratio of 29.14 and a beta of 0.78.

Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. On average, analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio is currently 25.59%.

In related news, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 15,000 shares of the business’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 sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 433,200 shares of company stock valued at $33,886,886. Insiders own 2.51% of the company’s stock.

Several large investors have recently made changes to their positions in APH. FMR LLC grew its position in Amphenol Corporation by 0.5% in the 1st quarter. FMR LLC now owns 39,355,583 shares of the electronics maker’s stock worth $2,800,937,000 after purchasing an additional 208,471 shares during the last quarter. Vanguard Group Inc. grew its position in Amphenol Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after purchasing an additional 765,862 shares during the last quarter. Capital World Investors grew its position in Amphenol Corporation by 0.9% in the 2nd quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock worth $1,922,328,000 after purchasing an additional 236,214 shares during the last quarter. BlackRock Inc. grew its position in Amphenol Corporation by 2,540.0% in the 1st quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock worth $1,356,586,000 after purchasing an additional 18,339,185 shares during the last quarter. Finally, State Street Corp grew its position in Amphenol Corporation by 1.7% in the 1st quarter. State Street Corp now owns 12,171,868 shares of the electronics maker’s stock worth $866,273,000 after purchasing an additional 203,486 shares during the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

WARNING: “Amphenol Corporation (APH) Receives Average Recommendation of “Buy” from Analysts” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/10/09/amphenol-corporation-aph-receives-average-recommendation-of-buy-from-analysts.html.

Amphenol Corporation 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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

Analyst Recommendations for Amphenol Corporation (NYSE:APH)

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.