Amphenol Co. (NYSE:APH) VP Sells $5,818,500.00 in Stock

Amphenol Co. (NYSE:APH) VP Lance E. D’amico sold 90,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Amphenol Stock Down 2.3 %

APH traded down $1.45 on Tuesday, hitting $61.94. The company had a trading volume of 8,006,424 shares, compared to its average volume of 6,509,657. The stock has a fifty day simple moving average of $67.20 and a 200-day simple moving average of $59.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The firm has a market capitalization of $74.40 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.91 and a beta of 1.25. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. As a group, equities analysts expect that Amphenol Co. will post 1.73 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s payout ratio is presently 26.91%.

Amphenol declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 24th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. increased its stake in shares of Amphenol by 228.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock worth $10,934,000 after purchasing an additional 76,724 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Amphenol during the 4th quarter valued at approximately $3,589,000. Cerity Partners LLC increased its position in Amphenol by 63.4% in the fourth quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock worth $3,793,000 after purchasing an additional 14,843 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Amphenol by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,180,261 shares of the electronics maker’s stock valued at $315,259,000 after buying an additional 73,662 shares in the last quarter. Finally, Fortune Financial Advisors LLC purchased a new stake in Amphenol during the 4th quarter valued at $1,071,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on APH. Seaport Res Ptn upgraded shares of Amphenol to a “strong-buy” rating in a research note on Monday, May 20th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Bank of America lifted their price target on Amphenol from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Truist Financial increased their target price on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Citigroup boosted their price objective on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $65.35.

About Amphenol

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.