Amphenol Co. (APH) SVP Sells $32,019,840.00 in Stock
Amphenol Co. (NYSE:APH) SVP Zachary W. Raley sold 432,000 shares of Amphenol stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the sale, the senior vice president now directly owns 144,000 shares of the company’s stock, valued at $10,673,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Amphenol Co. (NYSE:APH) traded up 0.28% during trading on Friday, reaching $74.78. 360,330 shares of the company were exchanged. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of 26.53 and a beta of 0.86. Amphenol Co. has a 1-year low of $55.13 and a 1-year high of $74.83. The stock’s 50 day moving average is $71.74 and its 200 day moving average is $69.47.
Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Amphenol had a net margin of 13.09% and a return on equity of 23.73%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business earned $0.59 earnings per share. Amphenol’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Amphenol Co. will post $2.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Monday, June 19th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, June 15th. This represents a $0.64 annualized dividend and a yield of 0.86%. Amphenol’s dividend payout ratio (DPR) is currently 24.52%.
A number of institutional investors have recently added to or reduced their stakes in APH. Nuance Investments LLC acquired a new position in Amphenol during the first quarter valued at approximately $5,611,000. British Airways Pensions Investment Management Ltd raised its position in Amphenol by 13.3% in the third quarter. British Airways Pensions Investment Management Ltd now owns 600,297 shares of the electronics maker’s stock valued at $38,950,000 after buying an additional 70,599 shares during the period. Allegis Investment Advisors LLC raised its position in Amphenol by 4.7% in the third quarter. Allegis Investment Advisors LLC now owns 26,841 shares of the electronics maker’s stock valued at $1,743,000 after buying an additional 1,211 shares during the period. Zurich Insurance Group Ltd FI raised its position in Amphenol by 41.0% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 58,780 shares of the electronics maker’s stock valued at $3,950,000 after buying an additional 17,095 shares during the period. Finally, Flinton Capital Management LLC acquired a new position in Amphenol during the fourth quarter valued at approximately $1,110,000. Institutional investors and hedge funds own 96.70% of the company’s stock.
APH has been the subject of a number of research analyst reports. Cowen and Company initiated coverage on shares of Amphenol in a report on Tuesday, March 21st. They set an “outperform” rating and a $85.00 price objective for the company. Zacks Investment Research raised shares of Amphenol from a “sell” rating to a “hold” rating in a report on Friday, March 10th. Stifel Nicolaus lifted their target price on shares of Amphenol from $64.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. Royal Bank of Canada reiterated a “buy” rating on shares of Amphenol in a research report on Monday, April 3rd. Finally, Citigroup Inc reiterated a “buy” rating and issued a $80.00 target price on shares of Amphenol in a research report on Thursday, January 26th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $76.50.
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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