Amphenol Co. (NYSE:APH) VP David M. Silverman Sells 180,000 Shares of Stock

Amphenol Co. (NYSE:APH) VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Amphenol Stock Performance

Shares of APH stock opened at $67.01 on Friday. The business has a fifty day moving average of $65.21 and a 200 day moving average of $64.89. Amphenol Co. has a 1 year low of $39.75 and a 1 year high of $71.20. 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 $80.49 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping 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 firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue was up 26.3% compared to the same quarter last year. As a group, research analysts expect that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APH. Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. UBS Group lifted their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. TD Cowen increased their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Vertical Research assumed coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Institutional Investors Weigh In On Amphenol

Several hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Amphenol by 0.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after buying an additional 80 shares during the period. Atomi Financial Group Inc. boosted its position in Amphenol by 1.7% in the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 81 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Amphenol by 1.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after purchasing an additional 88 shares during the period. Nicolet Advisory Services LLC lifted its stake in shares of Amphenol by 3.4% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after purchasing an additional 89 shares during the period. Finally, Meeder Advisory Services Inc. boosted its holdings in Amphenol by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 12,696 shares of the electronics maker’s stock worth $1,464,000 after buying an additional 108 shares in the last quarter. 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.