Amphenol Corp. (APH) Sets New 52-Week High at $61.23
Shares of Amphenol Corp. (NYSE:APH) reached a new 52-week high on Friday . The company traded as high as $61.23 and last traded at $60.97, with a volume of 670,721 shares trading hands. The stock had previously closed at $60.51.
A number of analysts recently commented on the company. Zacks Investment Research raised Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Friday, July 22nd. RBC Capital Markets reaffirmed a “top pick” rating and issued a $63.00 price target (up previously from $61.00) on shares of Amphenol Corp. in a research note on Friday, July 22nd. Finally, Royal Bank Of Canada raised their price target on Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note on Thursday, July 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.33.
The stock has a 50-day moving average price of $58.96 and a 200-day moving average price of $56.82. The stock has a market capitalization of $18.89 billion and a price-to-earnings ratio of 25.17.
Amphenol Corp. (NYSE:APH) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The firm earned $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm earned $0.58 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. Analysts forecast that Amphenol Corp. will post $2.63 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.92%.
In other news, VP Martin Booker sold 21,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $59.11, for a total transaction of $1,253,132.00. Following the transaction, the vice president now owns 6,400 shares of the company’s stock, valued at approximately $378,304. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Luc Walter sold 35,000 shares of the business’s stock in a transaction that occurred on 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 approximately $7,579,380.64. The disclosure for this sale can be found here.
Several institutional investors recently added to or reduced their stakes in APH. Employees Retirement System of Texas increased its position in Amphenol Corp. by 17.0% in the fourth quarter. Employees Retirement System of Texas now owns 23,400 shares of the company’s stock valued at $1,222,000 after buying an additional 3,400 shares in the last quarter. Andra AP fonden increased its position in Amphenol Corp. by 10.6% in the fourth quarter. Andra AP fonden now owns 31,200 shares of the company’s stock valued at $1,630,000 after buying an additional 3,000 shares in the last quarter. Suntrust Banks Inc. increased its position in Amphenol Corp. by 39.0% in the fourth quarter. Suntrust Banks Inc. now owns 31,904 shares of the company’s stock valued at $1,666,000 after buying an additional 8,950 shares in the last quarter. Utah Retirement Systems increased its position in Amphenol Corp. by 0.4% in the fourth quarter. Utah Retirement Systems now owns 55,432 shares of the company’s stock valued at $2,895,000 after buying an additional 200 shares in the last quarter. Finally, Stephens Inc. AR increased its position in Amphenol Corp. by 7.1% in the fourth quarter. Stephens Inc. AR now owns 104,489 shares of the company’s stock valued at $5,457,000 after buying an additional 6,944 shares in 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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