Amphenol CFO Diana G. Reardon Sells 260,000 Shares (APH)
Amphenol (NYSE:APH) CFO Diana G. Reardon sold 260,000 shares of Amphenol stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $104.36, for a total transaction of $27,133,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Amphenol (NYSE:APH) traded down 0.21% on Thursday, hitting $103.93. 420,822 shares of the company’s stock traded hands. Amphenol has a one year low of $74.17 and a one year high of $104.97. The stock’s 50-day moving average is $99.64 and its 200-day moving average is $95.42. The company has a market cap of $16.299 billion and a price-to-earnings ratio of 25.40. Amphenol shares are scheduled to split on the morning of Friday, October 10th. The 2-1 split was announced on Tuesday, August 12th. The newly minted shares will be distributed to shareholders after the closing bell on Thursday, October 9th.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts expect that Amphenol will post $4.41 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 0.96%. 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.
Several analysts have recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday. They now have a $112.00 price target on the stock, up previously from $105.00. Separately, analysts at RBC Capital raised their price target on shares of Amphenol from $101.00 to $107.00 in a research note on Monday, August 25th. Finally, 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $100.13.
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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