Luc Walter Sells 110,400 Shares of Amphenol Corporation (APH) Stock
Amphenol Corporation (NYSE:APH) SVP Luc Walter sold 110,400 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the sale, 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 available at this hyperlink.
Shares of Amphenol Corporation (NYSE:APH) opened at 77.98 on Tuesday. Amphenol Corporation has a 12 month low of $59.37 and a 12 month high of $78.39. The firm’s 50 day moving average is $74.94 and its 200-day moving average is $71.93. The firm has a market capitalization of $23.85 billion, a PE ratio of 26.26 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect 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. Stockholders of record on Monday, September 18th will be paid 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 dividend 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 currently 21.55%.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its position in 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 in the last quarter. Macquarie Group Ltd. increased its position in 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 in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in 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 in the last quarter. Creative Planning increased its position in 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 in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services increased its position in 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 in the last quarter. 96.75% of the stock is owned by institutional investors.
APH has been the subject of several recent analyst reports. BidaskClub cut shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) cut shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $75.00 to $78.00 in a research report on Wednesday, July 5th. Stifel Nicolaus lifted their price target on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, April 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Amphenol Corporation in a research report on Thursday, June 1st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Amphenol Corporation presently has a consensus rating of “Buy” and a consensus target price of $78.38.
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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