Insider Selling: Amphenol Co. (NYSE:APH) Insider Sells 132,000 Shares of Stock

Amphenol Co. (NYSE:APH) insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Amphenol Trading Down 0.1 %

NYSE:APH opened at $73.87 on Friday. The business has a 50 day moving average price of $65.71 and a two-hundred day moving average price of $65.52. Amphenol Co. has a twelve month low of $42.44 and a twelve month high of $74.60. The company has a market cap of $89.06 billion, a P/E ratio of 42.45, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

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

Amphenol Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of APH. B. Riley Wealth Advisors Inc. boosted its stake in Amphenol by 0.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after buying an additional 80 shares in the last quarter. Atomi Financial Group Inc. grew its position in Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after acquiring an additional 81 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in Amphenol by 1.5% in 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 position in Amphenol by 3.4% in the first 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 last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in shares of Amphenol by 0.9% in the first quarter. Meeder Advisory Services Inc. now owns 12,696 shares of the electronics maker’s stock worth $1,464,000 after purchasing an additional 108 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird upped their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Five equities research 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

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.