Amphenol Co. (APH) SVP Luc Walter Sells 20,000 Shares

Amphenol Co. (NYSE:APH) SVP Luc Walter sold 20,000 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $93.62, for a total value of $1,872,400.00. Following the transaction, the senior vice president now directly owns 141,000 shares of the company’s stock, valued at $13,200,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE APH traded up $0.20 during midday trading on Friday, hitting $94.58. 1,086,300 shares of the company traded hands, compared to its average volume of 1,280,190. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $28.42 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90. Amphenol Co. has a 52 week low of $79.08 and a 52 week high of $95.90.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Amphenol had a return on equity of 27.49% and a net margin of 9.49%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. equities analysts predict that Amphenol Co. will post 3.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Monday, September 17th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.92 dividend on an annualized basis and a yield of 0.97%. Amphenol’s dividend payout ratio (DPR) is 29.49%.

A number of equities research analysts have issued reports on the company. Morgan Stanley upgraded Amphenol from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $95.00 to $102.00 in a research report on Thursday, August 9th. Stifel Nicolaus increased their price target on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Tuesday, July 10th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.43.

Hedge funds have recently modified their holdings of the stock. Braun Bostich & Associates Inc. raised its stake in Amphenol by 1,407.1% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock worth $112,000 after acquiring an additional 1,196 shares during the last quarter. Landaas & Co. WI ADV purchased a new position in Amphenol in the 2nd quarter worth $113,000. AdvisorNet Financial Inc raised its stake in Amphenol by 236.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,341 shares of the electronics maker’s stock worth $117,000 after acquiring an additional 942 shares during the last quarter. Fort L.P. purchased a new position in shares of Amphenol during the 2nd quarter valued at about $119,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Amphenol by 16,640.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,674 shares of the electronics maker’s stock valued at $146,000 after buying an additional 1,664 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

About Amphenol

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.

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