Amphenol Corporation (NYSE:APH) SVP Sells $8,578,080.00 in Stock
Amphenol Corporation (NYSE:APH) SVP Luc Walter sold 110,400 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $77.70, for a total value of $8,578,080.00. Following the transaction, the senior vice president now owns 130,400 shares of the company’s stock, valued at approximately $10,132,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Amphenol Corporation (NYSE APH) traded up 0.40% during midday trading on Monday, hitting $77.97. The company’s stock had a trading volume of 461,721 shares. The firm has a 50-day moving average of $74.94 and a 200 day moving average of $71.93. The firm has a market cap of $23.84 billion, a price-to-earnings ratio of 26.25 and a beta of 0.77. Amphenol Corporation has a 12-month low of $59.37 and a 12-month high of $78.39.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts predict that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 15th. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol Corporation’s payout ratio is presently 21.55%.
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A number of research firms recently issued reports on APH. Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub cut Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Royal Bank Of Canada boosted their price objective on Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a report on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.38.
Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its position in shares of Amphenol Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,150 shares of the electronics maker’s stock worth $221,000 after buying an additional 8 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Amphenol Corporation by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,702 shares of the electronics maker’s stock worth $192,000 after buying an additional 16 shares during the period. First Bank & Trust increased its position in shares of Amphenol Corporation by 0.5% in the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock worth $638,000 after buying an additional 43 shares during the period. Contravisory Investment Management Inc. increased its position in shares of Amphenol Corporation by 1.6% in the second quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock worth $290,000 after buying an additional 60 shares during the period. Finally, Cleararc Capital Inc. increased its position in shares of Amphenol Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the electronics maker’s stock worth $537,000 after buying an additional 65 shares during the period. 96.75% of the stock is owned by institutional investors and hedge funds.
About Amphenol Corporation
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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