Amphenol Corporation (NYSE:APH) Insider Sells $12,304,570.00 in Stock

Key Points

• Amphenol Corporation insider William J. Doherty sold 113,000 shares at an average price of $108.89, totaling $12.3 million, on August 8th.
• The company announced a quarterly dividend of $0.165 per share, which will be paid on October 8th, equating to a 0.6% yield.
• Amphenol's stock has been rated with an average of nine "buy" ratings and an average price target of $104.92 by analysts.

Amphenol Corporation (NYSE:APH - Get Free Report) insider William J. Doherty sold 113,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $108.89, for a total transaction of $12,304,570.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

William J. Doherty also recently made the following trade(s):

• On Monday, August 11th, William J. Doherty sold 113,000 shares of Amphenol stock. The shares were sold at an average price of $110.29, for a total transaction of $12,462,770.00.
• On Friday, May 30th, William J. Doherty sold 160,000 shares of Amphenol stock. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00.

Amphenol Price Performance

APH traded down $1.54 on Friday, hitting $109.20. 6,535,524 shares of the company were exchanged, compared to its average volume of 9,348,532. The business's fifty day moving average is $100.89 and its 200 day moving average is $82.29. The firm has a market capitalization of $133.32 billion, a P/E ratio of 43.51, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $112.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. Amphenol's revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio is currently 26.29%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in APH. Norges Bank bought a new position in shares of Amphenol during the 2nd quarter worth about $2,104,244,000. Bank of America Corp DE lifted its position in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Amphenol by 196.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock worth $1,098,190,000 after acquiring an additional 11,092,282 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Amphenol by 639.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker's stock valued at $574,500,000 after buying an additional 7,573,750 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. UBS Group lifted their target price on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Bank of America upped their target price on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Industrial Alliance Securities set a $115.00 target price on Amphenol in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

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.