Insider Selling: Edward C. Wetmore Sells 24,000 Shares of Amphenol Stock (APH)
Amphenol (NYSE:APH) VP Edward C. Wetmore sold 24,000 shares of the stock on the open market in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $95.50, for a total transaction of $2,292,000.00. Following the completion of the sale, the vice president now directly owns 3,392 shares in the company, valued at approximately $323,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Amphenol (NYSE:APH) traded down 0.17% on Tuesday, hitting $95.55. 267,601 shares of the company’s stock traded hands. Amphenol has a one year low of $74.06 and a one year high of $96.98. The stock has a 50-day moving average of $94.49 and a 200-day moving average of $89.3. The company has a market cap of $15.015 billion and a price-to-earnings ratio of 24.17.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.87 earnings per share. Amphenol’s revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that Amphenol will post $4.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, June 9th.
A number of research firms have recently commented on APH. Analysts at RBC Capital raised their price target on shares of Amphenol from $98.00 to $100.00 in a research note on Friday, May 9th. They now have a “top pick” rating on the stock. Separately, analysts at Zacks downgraded shares of Amphenol from an “outperform” rating to a “neutral” rating in a research note on Friday, April 25th. They now have a $101.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Amphenol in a research note on Thursday, April 24th. They now have a $110.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $94.75.
Amphenol Corporation (NYSE:APH) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and high-speed specialty cable.
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