A number of other brokerages have also recently weighed in on APH. Morgan Stanley lifted their price objective on shares of Amphenol from $100.00 to $110.00 and gave the company an overweight rating in a report on Tuesday, March 5th. Wells Fargo & Co set a $105.00 price target on shares of Amphenol and gave the company a buy rating in a research report on Monday, March 18th. Zacks Investment Research upgraded shares of Amphenol from a hold rating to a buy rating and set a $96.00 price target for the company in a research note on Wednesday, January 30th. Bank of America restated a buy rating and issued a $107.00 price target (up previously from $103.00) on shares of Amphenol in a research note on Thursday, February 7th. Finally, SunTrust Banks raised Amphenol from a hold rating to a buy rating and upped their price objective for the stock from $89.00 to $112.00 in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $105.29.
Shares of Amphenol stock opened at $102.70 on Wednesday. Amphenol has a 12 month low of $74.95 and a 12 month high of $102.71. The stock has a market cap of $30.32 billion, a P/E ratio of 27.24, a PEG ratio of 2.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.36.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 23rd. The electronics maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.07. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.09 billion. Amphenol had a return on equity of 29.82% and a net margin of 14.69%. Amphenol’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. As a group, equities analysts expect that Amphenol will post 3.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio is presently 24.40%.
In other news, Director Martin H. Loeffler sold 11,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $95.30, for a total value of $1,048,300.00. Following the sale, the director now directly owns 249,951 shares in the company, valued at approximately $23,820,330.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $95.42, for a total transaction of $954,200.00. Following the completion of the sale, the vice president now owns 12,000 shares in the company, valued at $1,145,040. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,000 shares of company stock valued at $4,916,500. Corporate insiders own 2.34% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Northstar Investment Advisors LLC acquired a new stake in shares of Amphenol during the 1st quarter worth about $3,669,000. Pensionfund DSM Netherlands increased its stake in Amphenol by 12.0% in the first quarter. Pensionfund DSM Netherlands now owns 28,000 shares of the electronics maker’s stock valued at $2,644,000 after purchasing an additional 3,000 shares during the last quarter. Deutsche Bank AG raised its holdings in Amphenol by 55.7% during the fourth quarter. Deutsche Bank AG now owns 1,427,282 shares of the electronics maker’s stock worth $115,634,000 after purchasing an additional 510,424 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in Amphenol during the fourth quarter worth approximately $1,281,000. Finally, Pinnacle Bank purchased a new stake in shares of Amphenol during the 4th quarter worth approximately $102,000. 96.32% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Company Profile
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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