Amphenol Co. (NYSE:APH) CEO Richard Adam Norwitt sold 160,000 shares of Amphenol stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $100.96, for a total value of $16,153,600.00. Following the sale, the chief executive officer now owns 160,000 shares in the company, valued at $16,153,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
APH stock traded up $0.96 during trading on Monday, reaching $101.19. 1,280,189 shares of the company’s stock were exchanged, compared to its average volume of 1,358,976. The company has a quick ratio of 1.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.84. Amphenol Co. has a 1-year low of $74.95 and a 1-year high of $105.51. The company’s fifty day moving average price is $95.44 and its 200-day moving average price is $94.45. The firm has a market cap of $30.28 billion, a PE ratio of 26.84, a P/E/G ratio of 2.94 and a beta of 1.03.
Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.08. Amphenol had a return on equity of 28.19% and a net margin of 14.15%. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol Co. will post 3.65 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Lenox Wealth Advisors LLC lifted its holdings in Amphenol by 82.2% during the third quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 120 shares in the last quarter. Arrow Financial Corp acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $31,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $37,000. SRS Capital Advisors Inc. acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $40,000. Finally, FinTrust Capital Advisors LLC raised its stake in shares of Amphenol by 116.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 93.67% of the company’s stock.
APH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Amphenol in a report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price target for the company. Wells Fargo & Co boosted their price target on Amphenol from $109.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley lowered their price target on Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $104.79.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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