Richard Adam Norwitt Sells 220,000 Shares of Amphenol Corporation (APH) Stock
Amphenol Corporation (NYSE:APH) CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the transaction, the chief executive officer now directly owns 216,492 shares in the company, valued at $18,639,961.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Richard Adam Norwitt also recently made the following trade(s):
- On Thursday, August 3rd, Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock. The shares were sold at an average price of $77.95, for a total value of $15,590,000.00.
Shares of Amphenol Corporation (NYSE APH) traded down 0.02% during mid-day trading on Wednesday, reaching $86.98. The company had a trading volume of 218,300 shares. The company has a market capitalization of $26.57 billion, a PE ratio of 29.29 and a beta of 0.79. The company’s 50-day moving average price is $84.94 and its 200-day moving average price is $77.88. Amphenol Corporation has a 52-week low of $64.73 and a 52-week high of $88.19.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, analysts forecast that Amphenol Corporation will post $3.21 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Amphenol Corporation during the second quarter valued at about $392,000. Whittier Trust Co. raised its position in Amphenol Corporation by 3,390.3% in the third quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after purchasing an additional 86,792 shares in the last quarter. Marvin & Palmer Associates Inc. raised its position in Amphenol Corporation by 27.0% in the second quarter. Marvin & Palmer Associates Inc. now owns 60,505 shares of the electronics maker’s stock worth $4,466,000 after purchasing an additional 12,855 shares in the last quarter. Eagle Asset Management Inc. raised its position in Amphenol Corporation by 14.0% in the second quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after purchasing an additional 52,976 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Amphenol Corporation by 14.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 699,047 shares of the electronics maker’s stock worth $51,604,000 after purchasing an additional 87,704 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.
APH has been the topic of several research reports. Cowen and Company reissued an “outperform” rating and issued a $95.00 price objective (up from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) lowered Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research lowered Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $85.00 target price (up from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $95.00 target price (up from $80.00) on shares of Amphenol Corporation in a research report on Thursday, October 5th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Amphenol Corporation has an average rating of “Buy” and an average target price of $86.78.
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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