Amphenol Co. (APH) Sets New 12-Month High at $62.59
Amphenol Co. (NYSE:APH)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $62.59 and last traded at $62.38, with a volume of 304,771 shares traded. The stock had previously closed at $62.33.
A number of equities analysts recently issued reports on APH shares. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. RBC Capital Markets upped their price objective on shares of Amphenol from $63.00 to $65.00 and gave the stock a “top pick” rating in a research report on Friday, August 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Amphenol from $61.00 to $63.00 and gave the stock a “top pick” rating in a research report on Thursday, July 21st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $66.56.
The stock has a market cap of $19.31 billion and a P/E ratio of 25.73. The company’s 50 day moving average price is $60.11 and its 200-day moving average price is $57.63.
Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $0.58 earnings per share. Amphenol’s revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amphenol Co. will post $2.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.90%.
In other news, VP Patrick Gillard sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $59.06, for a total value of $1,771,800.00. Following the completion of the transaction, the vice president now directly owns 6,400 shares in the company, valued at $377,984. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diana G. Reardon sold 240,000 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $61.69, for a total transaction of $14,805,600.00. Following the completion of the transaction, the director now owns 240,000 shares of the company’s stock, valued at $14,805,600. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Amphenol stock. Employees Retirement System of Texas increased its position in shares of Amphenol Co. (NYSE:APH) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,400 shares of the company’s stock after buying an additional 3,400 shares during the period. Employees Retirement System of Texas’ holdings in Amphenol were worth $1,222,000 at the end of the most recent reporting period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.