Richard Adam Norwitt Sells 900,672 Shares of Amphenol Co. (NYSE:APH) Stock

Amphenol Co. (NYSE:APH) CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Amphenol Trading Down 2.0 %

APH stock traded down $1.35 during midday trading on Thursday, hitting $67.01. The company had a trading volume of 6,512,807 shares, compared to its average volume of 6,635,267. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 52 week low of $39.75 and a 52 week high of $71.20. The stock has a market cap of $80.49 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 2.56 and a beta of 1.24. The stock’s 50 day moving average price is $65.21 and its 200 day moving average price is $64.87.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Amphenol’s revenue was up 26.3% compared to the same quarter last year. As a group, equities research analysts expect that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 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 0.98%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird increased their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, UBS Group upped their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Institutional Trading of Amphenol

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Beacon Capital Management LLC grew its holdings in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares during the period. New England Capital Financial Advisors LLC boosted its position in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Sachetta LLC increased its position in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC raised its stake in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Amphenol during the second quarter valued at $29,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.