Amphenol Corporation (NYSE:APH) SVP Luc Walter sold 110,400 shares of Amphenol Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the transaction, the senior vice president now owns 130,400 shares of the company’s stock, valued at $10,132,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Amphenol Corporation (NYSE:APH) traded down 0.67% during midday trading on Friday, reaching $78.42. 873,963 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $76.14 and its 200 day moving average is $72.82. Amphenol Corporation has a one year low of $60.89 and a one year high of $79.70. The firm has a market cap of $23.95 billion, a PE ratio of 26.40 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion during 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%. Amphenol Corporation’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. Analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio is presently 21.55%.
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Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Royal Bank Of Canada boosted their price objective on shares of Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $72.00 price objective on shares of Amphenol Corporation in a report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $79.00.
A number of institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of Amphenol Corporation by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 546,111 shares of the electronics maker’s stock worth $36,699,000 after buying an additional 9,435 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Amphenol Corporation by 66.3% in the fourth quarter. Macquarie Group Ltd. now owns 16,300 shares of the electronics maker’s stock worth $1,095,000 after buying an additional 6,500 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Amphenol Corporation by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 266,561 shares of the electronics maker’s stock worth $18,971,000 after buying an additional 7,272 shares during the last quarter. Creative Planning increased its position in shares of Amphenol Corporation by 6.4% in the first quarter. Creative Planning now owns 15,254 shares of the electronics maker’s stock worth $1,086,000 after buying an additional 917 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services increased its position in shares of Amphenol Corporation by 5.4% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 51,665 shares of the electronics maker’s stock worth $3,677,000 after buying an additional 2,625 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.
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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