David M. Silverman Sells 75,000 Shares of Amphenol Co. (NYSE:APH) Stock

Amphenol Co. (NYSE:APH) VP David M. Silverman sold 75,000 shares of Amphenol stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $89.51, for a total value of $6,713,250.00. Following the sale, the vice president now owns 7,000 shares in the company, valued at approximately $626,570. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Amphenol Stock Performance

APH traded up $0.21 during trading on Friday, reaching $89.76. The company’s stock had a trading volume of 1,155,778 shares, compared to its average volume of 2,550,319. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $90.28. The company’s fifty day moving average price is $83.70 and its 200-day moving average price is $82.79. The company has a market capitalization of $53.70 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 3.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 2.33.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. Amphenol had a return on equity of 24.57% and a net margin of 15.41%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that Amphenol Co. will post 2.96 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, December 18th. This is a positive change from Amphenol’s previous quarterly dividend of $0.21. Amphenol’s payout ratio is currently 27.10%.

Institutional Investors Weigh In On Amphenol

Several institutional investors have recently modified their holdings of APH. Vontobel Holding Ltd. boosted its stake in shares of Amphenol by 8.2% during the 1st quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock worth $1,022,000 after acquiring an additional 1,006 shares in the last quarter. Sei Investments Co. lifted its stake in Amphenol by 4.0% in the 1st quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock valued at $12,716,000 after buying an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Amphenol by 56.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock valued at $19,906,000 after buying an additional 95,613 shares in the last quarter. Prudential PLC purchased a new stake in Amphenol in the 1st quarter valued at approximately $857,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Amphenol in the 1st quarter valued at approximately $245,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of a number of research analyst reports. Bank of America lifted their target price on Amphenol from $90.00 to $100.00 in a research report on Thursday, July 27th. StockNews.com assumed coverage on Amphenol in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Robert W. Baird boosted their price target on Amphenol from $89.00 to $100.00 in a research report on Thursday, July 27th. Stifel Nicolaus boosted their price target on Amphenol from $80.00 to $88.00 in a research report on Thursday, July 27th. Finally, Truist Financial dropped their price target on Amphenol from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $93.25.

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.