Insider Selling: Amphenol Co. (APH) CFO Sells 15,000 Shares of Stock
Amphenol Co. (NYSE:APH) CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at $2,914,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Amphenol Co. (NYSE:APH) traded down 0.930% during midday trading on Thursday, hitting $71.885. 130,999 shares of the company were exchanged. Amphenol Co. has a one year low of $54.99 and a one year high of $73.86. The firm’s 50 day moving average price is $71.27 and its 200 day moving average price is $69.14. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 25.500 and a beta of 0.86.
Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. Amphenol had a net margin of 13.09% and a return on equity of 23.73%. Amphenol’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. Analysts forecast that Amphenol Co. will post $2.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Monday, June 19th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, June 15th. Amphenol’s dividend payout ratio is presently 24.52%.
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Several research firms have recently commented on APH. Morgan Stanley increased their price target on shares of Amphenol from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, April 28th. Royal Bank of Canada increased their target price on shares of Amphenol from $75.00 to $77.00 and gave the stock a “top pick” rating in a report on Thursday, April 27th. Stifel Nicolaus increased their target price on shares of Amphenol from $64.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, April 27th. Finally, Citigroup Inc reiterated a “buy” rating and issued a $80.00 target price on shares of Amphenol in a report on Thursday, January 26th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.50.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Amphenol by 0.5% in the first quarter. FMR LLC now owns 39,355,583 shares of the electronics maker’s stock valued at $2,800,937,000 after buying an additional 208,471 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Amphenol by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock valued at $2,120,464,000 after buying an additional 914,857 shares in the last quarter. Capital World Investors raised its position in shares of Amphenol by 15.0% in the third quarter. Capital World Investors now owns 24,821,636 shares of the electronics maker’s stock valued at $1,611,421,000 after buying an additional 3,240,341 shares in the last quarter. BlackRock Inc. raised its position in shares of Amphenol by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares in the last quarter. Finally, State Street Corp raised its position in shares of Amphenol by 1.7% in the first quarter. State Street Corp now owns 12,171,868 shares of the electronics maker’s stock valued at $866,273,000 after buying an additional 203,486 shares in the last quarter. 96.70% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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