Insider Selling: Amphenol Corporation (NYSE:APH) CEO Sells 200,000 Shares of Stock
Amphenol Corporation (NYSE:APH) CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the sale, the chief executive officer now directly owns 293,992 shares in the company, valued at $22,916,676.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Richard Adam Norwitt also recently made the following trade(s):
- On Monday, May 15th, Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock. The stock was sold at an average price of $73.10, for a total transaction of $14,620,000.00.
Shares of Amphenol Corporation (APH) traded up 0.22% on Monday, reaching $77.83. 125,782 shares of the company were exchanged. Amphenol Corporation has a 52-week low of $59.37 and a 52-week high of $78.39. The stock has a 50 day moving average of $74.94 and a 200-day moving average of $71.93. The company has a market capitalization of $23.80 billion, a P/E ratio of 26.21 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, analysts predict that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.98%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is currently 21.55%.
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Several equities research analysts have recently issued reports on APH shares. Royal Bank Of Canada increased their target price on shares of Amphenol Corporation from $75.00 to $77.00 and gave the stock a “top pick” rating in a research note on Thursday, April 27th. Stifel Nicolaus increased their target price on shares of Amphenol Corporation from $64.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Friday, April 28th. Deutsche Bank AG increased their target price on shares of Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Morgan Stanley increased their target price on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Amphenol Corporation currently has an average rating of “Buy” and an average price target of $78.38.
Hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA bought a new stake in Amphenol Corporation during the first quarter worth approximately $538,000. Capstone Asset Management Co. increased its stake in Amphenol Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 34,849 shares of the electronics maker’s stock worth $2,480,000 after buying an additional 2,651 shares in the last quarter. Bank of Montreal Can increased its stake in Amphenol Corporation by 1.6% in the first quarter. Bank of Montreal Can now owns 313,817 shares of the electronics maker’s stock worth $22,334,000 after buying an additional 4,831 shares in the last quarter. WCM Investment Management CA increased its stake in Amphenol Corporation by 0.3% in the first quarter. WCM Investment Management CA now owns 684,045 shares of the electronics maker’s stock worth $48,683,000 after buying an additional 2,211 shares in the last quarter. Finally, National Pension Service increased its stake in Amphenol Corporation by 2.9% in the first quarter. National Pension Service now owns 282,709 shares of the electronics maker’s stock worth $20,324,000 after buying an additional 8,004 shares in the last quarter. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Corporation Company Profile
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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