Shares of Amphenol Co. (NYSE:APH) have received an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $104.05.
Several research firms recently issued reports on APH. ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Evercore ISI began coverage on shares of Amphenol in a report on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 target price for the company. Wells Fargo & Co reduced their target price on shares of Amphenol from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Longbow Research lowered shares of Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 target price for the company. in a report on Monday, June 17th. Finally, Morgan Stanley reduced their target price on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, July 25th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fiera Capital Corp grew its holdings in Amphenol by 2.0% during the 1st quarter. Fiera Capital Corp now owns 5,828 shares of the electronics maker’s stock valued at $551,000 after buying an additional 115 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Amphenol by 0.6% in the first quarter. Synovus Financial Corp now owns 20,924 shares of the electronics maker’s stock valued at $1,974,000 after purchasing an additional 116 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Amphenol by 7.1% in the first quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 125 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Amphenol by 33.9% in the second quarter. Flagship Harbor Advisors LLC now owns 518 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 131 shares in the last quarter. Finally, Advisor Partners LLC grew its holdings in shares of Amphenol by 2.1% in the first quarter. Advisor Partners LLC now owns 6,459 shares of the electronics maker’s stock valued at $610,000 after purchasing an additional 135 shares in the last quarter. 94.31% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:APH traded up $2.22 during trading on Friday, hitting $86.61. The company’s stock had a trading volume of 1,012,400 shares, compared to its average volume of 1,873,871. The company has a 50-day moving average of $93.94 and a 200-day moving average of $94.72. Amphenol has a 12 month low of $74.95 and a 12 month high of $105.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.06 and a quick ratio of 1.44. The firm has a market cap of $25.36 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.48 and a beta of 1.02.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.01). Amphenol had a return on equity of 29.08% and a net margin of 14.54%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the company earned $0.90 EPS. Amphenol’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts anticipate that Amphenol will post 3.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.25 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, September 16th. Amphenol’s dividend payout ratio (DPR) is 24.40%.
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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