Amphenol Co. (NYSE:APH - Get Free Report) VP David M. Silverman sold 100,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the transaction, the vice president now directly owns 12,500 shares of the company's stock, valued at $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Amphenol Trading Up 0.4%
Shares of APH opened at $90.27 on Tuesday. The business's 50-day moving average price is $75.17 and its 200 day moving average price is $71.65. The stock has a market capitalization of $109.19 billion, a P/E ratio of 47.14, a P/E/G ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $90.42. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.
Amphenol Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.73%. Amphenol's payout ratio is currently 32.04%.
Institutional Trading of Amphenol
A number of hedge funds have recently modified their holdings of APH. LaFleur & Godfrey LLC lifted its holdings in shares of Amphenol by 1.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock valued at $3,945,000 after purchasing an additional 825 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after acquiring an additional 4,721 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Amphenol by 3.5% during the fourth quarter. Caprock Group LLC now owns 31,958 shares of the electronics maker's stock worth $2,225,000 after acquiring an additional 1,074 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Amphenol during the fourth quarter worth $144,000. Hedge funds and other institutional investors own 97.01% of the company's stock.
Analyst Ratings Changes
APH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Citigroup increased their price objective on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. Finally, UBS Group increased their price target on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus price target of $84.38.
Check Out Our Latest Stock Report on Amphenol
About Amphenol
(
Get Free Report)
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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