Amphenol Co. (NYSE:APH) VP Sells $8,909,000.00 in Stock

Amphenol Co. (NYSE:APH - Get Free Report) VP David M. Silverman sold 100,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the sale, the vice president now owns 12,500 shares of the company's stock, valued at $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Amphenol Stock Up 0.7%

NYSE:APH traded up $0.62 during mid-day trading on Thursday, hitting $92.53. 552,250 shares of the company's stock traded hands, compared to its average volume of 7,448,575. The company has a fifty day moving average of $76.14 and a 200 day moving average of $71.93. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $92.58. The company has a market capitalization of $111.92 billion, a P/E ratio of 48.27, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company's revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. On average, analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. Amphenol's payout ratio is 32.04%.

Institutional Trading of Amphenol

A number of hedge funds have recently modified their holdings of the stock. Spire Wealth Management boosted its position in Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after purchasing an additional 25,007 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Amphenol in the fourth quarter valued at approximately $13,847,000. Consolidated Planning Corp increased its holdings in shares of Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after purchasing an additional 4,631 shares during the last quarter. Kanawha Capital Management LLC increased its holdings in shares of Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after purchasing an additional 6,481 shares during the last quarter. Finally, Revolve Wealth Partners LLC increased its holdings in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

APH has been the subject of several research reports. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group boosted their price target on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, UBS Group boosted their price target on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.38.

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.