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

Amphenol Co. (NYSE:APH) CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Amphenol Price Performance

APH stock opened at $67.86 on Friday. The company has a fifty day moving average price of $65.22 and a 200-day moving average price of $65.03. The company has a market capitalization of $81.81 billion, a P/E ratio of 39.00, a PEG ratio of 2.27 and a beta of 1.24. Amphenol Co. has a 52-week low of $41.03 and a 52-week high of $71.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. As a group, equities analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Robert W. Baird increased their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Bank of America increased their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong 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 $69.63.

Institutional Investors Weigh In On Amphenol

Several large investors have recently modified their holdings of the company. Texas Permanent School Fund Corp grew its holdings in Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after purchasing an additional 75,753 shares during the period. United Services Automobile Association grew its holdings in Amphenol by 102.0% in the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after purchasing an additional 16,149 shares during the period. Choreo LLC grew its holdings in Amphenol by 556.7% in the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after purchasing an additional 34,309 shares during the period. Angeles Wealth Management LLC grew its holdings in Amphenol by 102.4% in the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock worth $258,000 after purchasing an additional 1,936 shares during the period. Finally, Czech National Bank grew its holdings in Amphenol by 7.2% in the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after purchasing an additional 16,425 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.