Amphenol Corp. (APH) Sets New 1-Year High at $61.23
Amphenol Corp. (NYSE:APH)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $61.23 and last traded at $60.97, with a volume of 670,721 shares traded. The stock had previously closed at $60.51.
A number of equities analysts have recently commented on the stock. RBC Capital Markets reaffirmed a “top pick” rating and set a $63.00 price objective (up from $61.00) on shares of Amphenol Corp. in a report on Friday, July 22nd. Zacks Investment Research raised shares of Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Friday, July 22nd. Royal Bank Of Canada lifted their price target on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a report on Thursday, July 21st. Finally, Deutsche Bank AG reissued a “buy” rating and set a $63.00 price target (up from $52.00) on shares of Amphenol Corp. in a report on Thursday, April 21st. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Amphenol Corp. has an average rating of “Buy” and a consensus target price of $66.33.
The firm has a 50-day moving average price of $58.85 and a 200 day moving average price of $56.74. The company has a market capitalization of $18.88 billion and a P/E ratio of 25.16.
Amphenol Corp. (NYSE:APH) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company earned $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. Amphenol Corp.’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, analysts anticipate that Amphenol Corp. will post $2.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.93%.
In related news, SVP Luc Walter sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $60.38, for a total value of $2,113,300.00. Following the transaction, the senior vice president now directly owns 125,528 shares in the company, valued at $7,579,380.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Edward C. Wetmore sold 90,000 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $58.00, for a total transaction of $5,220,000.00. Following the completion of the transaction, the vice president now owns 96,784 shares in the company, valued at $5,613,472. The disclosure for this sale can be found here.
A number of large investors have recently made changes to their positions in APH. BlackRock Advisors LLC increased its stake in shares of Amphenol Corp. by 24.1% in the fourth quarter. BlackRock Advisors LLC now owns 468,452 shares of the company’s stock worth $24,468,000 after buying an additional 90,987 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Amphenol Corp. by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 447,506 shares of the company’s stock worth $23,373,000 after buying an additional 7,392 shares during the last quarter. American International Group Inc. increased its stake in shares of Amphenol Corp. by 2.8% in the fourth quarter. American International Group Inc. now owns 109,767 shares of the company’s stock worth $5,733,000 after buying an additional 2,943 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Amphenol Corp. by 7.1% in the fourth quarter. Stephens Inc. AR now owns 104,489 shares of the company’s stock worth $5,457,000 after buying an additional 6,944 shares during the last quarter. Finally, Utah Retirement Systems increased its stake in shares of Amphenol Corp. by 0.4% in the fourth quarter. Utah Retirement Systems now owns 55,432 shares of the company’s stock worth $2,895,000 after buying an additional 200 shares during the last quarter.
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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