Amphenol Co. (NYSE:APH) VP David M. Silverman Sells 75,000 Shares

Amphenol Co. (NYSE:APHGet Rating) VP David M. Silverman sold 75,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $80.02, for a total value of $6,001,500.00. Following the sale, the vice president now directly owns 7,000 shares in the company, valued at approximately $560,140. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Amphenol Stock Performance

APH stock opened at $80.07 on Friday. The stock has a 50-day moving average price of $73.07 and a 200-day moving average price of $71.62. Amphenol Co. has a 1-year low of $61.67 and a 1-year high of $88.45. The company has a current ratio of 2.38, a quick ratio of 1.60 and a debt-to-equity ratio of 0.72. The firm has a market cap of $47.65 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25.

Amphenol (NYSE:APHGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. Amphenol had a return on equity of 28.02% and a net margin of 14.98%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, equities research analysts expect that Amphenol Co. will post 2.97 earnings per share for the current year.

Amphenol Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 11th. Investors of record on Tuesday, December 20th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Amphenol’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, December 19th. Amphenol’s payout ratio is presently 26.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APH. UBS Group raised their target price on Amphenol from $88.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. raised their target price on Amphenol from $86.00 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 10th. StockNews.com lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Finally, Jefferies Financial Group lowered Amphenol from a “buy” rating to a “hold” rating and raised their target price for the stock from $87.00 to $88.00 in a research report on Tuesday. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $84.56.

Institutional Trading of Amphenol

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toroso Investments LLC increased its position in Amphenol by 85.5% in the 3rd quarter. Toroso Investments LLC now owns 17,259 shares of the electronics maker’s stock valued at $1,156,000 after buying an additional 7,955 shares in the last quarter. IHT Wealth Management LLC acquired a new position in Amphenol during the 3rd quarter valued at about $206,000. B. Riley Wealth Advisors Inc. boosted its stake in Amphenol by 135.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 45,872 shares of the electronics maker’s stock valued at $3,073,000 after purchasing an additional 26,361 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Amphenol during the 3rd quarter valued at about $3,794,000. Finally, Industrial Alliance Investment Management Inc. boosted its stake in Amphenol by 2.7% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 100,373 shares of the electronics maker’s stock valued at $6,721,000 after purchasing an additional 2,593 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Amphenol Company Profile

(Get Rating)

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

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Insider Buying and Selling by Quarter for Amphenol (NYSE:APH)

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