Amphenol Director Unloads $972,100 in Stock (APH)
Amphenol (NYSE:APH) Director John R. Lord sold 10,000 shares of the company’s stock on the open market in a transaction dated Friday, July 25th. The stock was sold at an average price of $97.21, for a total transaction of $972,100.00. Following the sale, the director now directly owns 17,950 shares of the company’s stock, valued at approximately $1,744,920. 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 Deutsche Bank reiterated a “buy” rating on shares of Amphenol in a research note on Thursday. They now have a $105.00 price target on the stock, up previously from $98.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday. They now have a $105.00 price target on the stock, up previously from $100.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Amphenol in a research note on Thursday. They now have a $102.00 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 assigned a strong buy rating to the stock. Amphenol has an average rating of “Buy” and a consensus target price of $98.50.
Shares of Amphenol (NYSE:APH) traded down 0.01% during mid-day trading on Monday, hitting $97.59. The stock had a trading volume of 171,415 shares. Amphenol has a 1-year low of $74.06 and a 1-year high of $99.78. The stock’s 50-day moving average is $96.95 and its 200-day moving average is $92.96. The company has a market cap of $15.333 billion and a price-to-earnings ratio of 23.80.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.05 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that Amphenol will post $4.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Amphenol’s previous quarterly dividend of $0.20.
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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