Amphenol Co. (NYSE:APH) VP Michael R. Ivas Sells 40,000 Shares

Amphenol Co. (NYSE:APH - Get Free Report) VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president now directly owns 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Amphenol Stock Up 1.0%

Shares of APH traded up $0.85 during midday trading on Friday, reaching $89.77. 21,458,563 shares of the stock were exchanged, compared to its average volume of 7,493,509. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $89.98. The firm has a 50 day simple moving average of $74.71 and a 200-day simple moving average of $71.52. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market cap of $108.59 billion, a price-to-earnings ratio of 46.88, a P/E/G ratio of 1.92 and a beta of 1.10.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is 32.04%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APH shares. TD Securities upped their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Robert W. Baird upped their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. UBS Group upped their target price on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday. Citigroup increased their price objective on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $84.38.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hughes Financial Services LLC acquired a new position in shares of Amphenol during the 1st quarter valued at about $25,000. Tacita Capital Inc increased its holdings in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Avalon Trust Co increased its holdings in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol during the 4th quarter valued at about $28,000. Finally, Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 97.01% of the company's stock.

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.