Amphenol Co. (NYSE:APH) VP Lance E. D’amico Sells 175,000 Shares of Stock

Amphenol Co. (NYSE:APH) VP Lance E. D’amico sold 175,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,920,792. The trade was a 77.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Amphenol Trading Up 1.0 %

Shares of NYSE:APH opened at $76.64 on Wednesday. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $79.39. The stock has a market cap of $92.87 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 1.92 and a beta of 1.17. 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 business has a 50-day moving average price of $65.80 and a 200-day moving average price of $69.13.

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

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 32.04%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares in the last quarter. FMR LLC grew its holdings in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Amphenol by 36.8% in the fourth 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 purchasing an additional 15,837,407 shares during the period. Geode Capital Management LLC grew its holdings in Amphenol by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after purchasing an additional 659,560 shares during the period. Finally, Bank of America Corp DE grew its holdings in Amphenol by 294.0% in the fourth 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. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. US Capital Advisors set a $85.00 price objective on Amphenol in a research report on Thursday, April 24th. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research report on Thursday, April 24th. Citigroup raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Robert W. Baird raised their price objective on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.58.

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.