Amphenol SVP Unloads $2,428,076 in Stock (APH)
Amphenol (NYSE:APH) SVP Richard Schneider unloaded 23,800 shares of Amphenol stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $102.02, for a total transaction of $2,428,076.00. Following the transaction, the senior vice president now directly owns 31,437 shares of the company’s stock, valued at approximately $3,207,203. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Amphenol in a research note on Thursday, July 24th. 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, July 24th. 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, July 24th. They now have a $102.00 price target on the stock. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Amphenol currently has an average rating of “Buy” and a consensus target price of $98.50.
Shares of Amphenol (NYSE:APH) traded down 0.30% on Friday, hitting $104.07. 218,324 shares of the company’s stock traded hands. Amphenol has a one year low of $74.17 and a one year high of $104.48. The stock has a 50-day moving average of $98.13 and a 200-day moving average of $94.33. The company has a market cap of $16.321 billion and a P/E ratio of 25.46.
Amphenol (NYSE:APH) last released its earnings data 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 announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Monday, September 8th. This is an increase 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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