Amphenol Corporation (APH) Director Sells $2,443,840.00 in Stock
Amphenol Corporation (NYSE:APH) Director Diana G. Reardon sold 28,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $87.28, for a total value of $2,443,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Amphenol Corporation (NYSE APH) traded up $0.47 during mid-day trading on Friday, hitting $87.34. The stock had a trading volume of 619,570 shares, compared to its average volume of 1,225,127. The company has a market cap of $26.74 billion, a P/E ratio of 27.81 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.87%. Amphenol Corporation’s payout ratio is 24.20%.
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APH has been the topic of several recent analyst reports. Deutsche Bank AG boosted their price target on Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Royal Bank Of Canada reissued a “top pick” rating and issued a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Friday, September 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $95.00 target price (up from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Finally, Bank of America Corporation upgraded Amphenol Corporation from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Amphenol Corporation currently has a consensus rating of “Buy” and an average price target of $86.78.
Several hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake in shares of Amphenol Corporation by 22.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 288,991 shares of the electronics maker’s stock worth $24,460,000 after acquiring an additional 53,059 shares during the period. Connable Office Inc. grew its stake in shares of Amphenol Corporation by 1.8% during the 3rd quarter. Connable Office Inc. now owns 33,706 shares of the electronics maker’s stock worth $2,853,000 after acquiring an additional 601 shares during the period. Essex Financial Services Inc. bought a new position in shares of Amphenol Corporation during the 3rd quarter worth $229,000. Candriam Luxembourg S.C.A. grew its stake in shares of Amphenol Corporation by 6.5% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 25,668 shares of the electronics maker’s stock worth $2,173,000 after acquiring an additional 1,563 shares during the period. Finally, Brown Advisory Securities LLC grew its stake in shares of Amphenol Corporation by 17.8% during the 3rd quarter. Brown Advisory Securities LLC now owns 7,293 shares of the electronics maker’s stock worth $616,000 after acquiring an additional 1,100 shares during the period. Institutional investors own 96.90% of the company’s stock.
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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