Amphenol Co. (NYSE:APH) Insider Sells $19,749,000.00 in Stock

Amphenol Co. (NYSE:APH) insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amphenol Stock Performance

NYSE:APH traded down $0.25 during trading hours on Friday, reaching $65.80. 5,854,083 shares of the stock were exchanged, compared to its average volume of 6,654,878. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The firm has a 50 day simple moving average of $66.01 and a 200-day simple moving average of $60.82. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84. The stock has a market capitalization of $79.04 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.81 and a beta of 1.25.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the business posted $0.72 EPS. The business’s revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts forecast that Amphenol Co. will post 1.74 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Amphenol declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

APH has been the subject of a number of analyst reports. Evercore ISI restated an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $62.50 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. UBS Group increased their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Finally, Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $65.35.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in APH. B. Riley Wealth Advisors Inc. raised its position in 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 purchasing an additional 80 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Amphenol by 1.7% in the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 81 shares during the period. Lindbrook Capital LLC grew its stake in Amphenol by 2.0% in the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock valued at $490,000 after acquiring an additional 85 shares during the period. Pinnacle Wealth Planning Services Inc. grew its stake in Amphenol by 1.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock valued at $701,000 after acquiring an additional 88 shares during the period. Finally, Nicolet Advisory Services LLC boosted its position in shares of Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after buying an additional 89 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Company Profile

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.