Amphenol SVP Unloads $1,872,390 in Stock (APH)
Amphenol (NYSE:APH) SVP Richard Schneider unloaded 19,500 shares of the company’s stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $96.02, for a total value of $1,872,390.00. Following the transaction, the senior vice president now directly owns 25,437 shares in the company, valued at approximately $2,442,461. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on APH shares. 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 assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $94.75.
Amphenol (NYSE:APH) traded down 1.00% on Tuesday, hitting $95.86. 157,032 shares of the company’s stock traded hands. Amphenol has a 1-year low of $74.06 and a 1-year high of $96.98. The stock’s 50-day moving average is $95.20 and its 200-day moving average is $90.15. The company has a market cap of $15.063 billion and a price-to-earnings ratio of 24.45.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts expect that Amphenol will post $4.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Wednesday, June 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, June 9th.
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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