Amphenol Co. (NYSE:APH) Receives $108.90 Consensus PT from Brokerages
Amphenol Co. (NYSE:APH) has been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $108.90.
Several equities research analysts recently issued reports on the company. Citigroup boosted their price target on Amphenol from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. UBS Group assumed coverage on Amphenol in a research note on Tuesday. They issued a “buy” rating for the company. Royal Bank of Canada boosted their price target on Amphenol from $94.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Morgan Stanley cut Amphenol from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research note on Monday, August 24th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upped their target price on Amphenol from $80.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd.
Shares of NYSE:APH opened at $108.33 on Friday. Amphenol has a 12-month low of $63.05 and a 12-month high of $113.25. The stock has a market cap of $31.86 billion, a PE ratio of 30.18, a P/E/G ratio of 4.27 and a beta of 1.26. The business has a 50 day moving average of $107.93 and a 200-day moving average of $93.85. The company has a quick ratio of 1.82, a current ratio of 2.59 and a debt-to-equity ratio of 0.78.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. Amphenol’s payout ratio is 26.74%.
In other news, VP David M. Silverman sold 23,700 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $110.93, for a total transaction of $2,629,041.00. Following the transaction, the vice president now owns 23,700 shares of the company’s stock, valued at approximately $2,629,041. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dieter Ehrmanntraut sold 1,500 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $112.00, for a total transaction of $168,000.00. Following the transaction, the vice president now directly owns 1,500 shares in the company, valued at approximately $168,000. The disclosure for this sale can be found here. Insiders have sold 196,200 shares of company stock worth $21,254,901 in the last ninety days. Insiders own 2.72% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in APH. Victory Capital Management Inc. lifted its position in Amphenol by 40.0% in the 1st quarter. Victory Capital Management Inc. now owns 1,563,059 shares of the electronics maker’s stock valued at $113,916,000 after acquiring an additional 446,475 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Amphenol in the 1st quarter valued at about $558,000. Alps Advisors Inc. purchased a new stake in Amphenol in the 1st quarter valued at about $230,000. Wetherby Asset Management Inc. increased its stake in Amphenol by 8.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 5,728 shares of the electronics maker’s stock valued at $418,000 after buying an additional 469 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Amphenol by 1.5% in the 1st quarter. Rhumbline Advisers now owns 643,775 shares of the electronics maker’s stock valued at $46,918,000 after buying an additional 9,499 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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