Amphenol Corporation (NYSE:APH – Get Free Report) CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Richard Adam Norwitt also recently made the following trade(s):
- On Friday, May 1st, Richard Adam Norwitt sold 61,072 shares of Amphenol stock. The shares were sold at an average price of $143.90, for a total value of $8,788,260.80.
- On Monday, May 4th, Richard Adam Norwitt sold 52,203 shares of Amphenol stock. The stock was sold at an average price of $142.04, for a total value of $7,414,914.12.
- On Thursday, February 12th, Richard Adam Norwitt sold 515,281 shares of Amphenol stock. The stock was sold at an average price of $147.27, for a total value of $75,885,432.87.
Amphenol Price Performance
Shares of NYSE APH traded down $4.34 during midday trading on Tuesday, hitting $136.70. 11,693,836 shares of the company’s stock were exchanged, compared to its average volume of 9,655,723. Amphenol Corporation has a 12-month low of $79.10 and a 12-month high of $167.04. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The company has a market cap of $168.06 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 1.32 and a beta of 1.29. The business’s fifty day moving average price is $138.09 and its two-hundred day moving average price is $139.12.
Amphenol Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s payout ratio is presently 28.74%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Robert W. Baird set a $177.00 price objective on Amphenol in a report on Thursday, April 30th. Evercore boosted their price objective on Amphenol from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Jefferies Financial Group upped their target price on Amphenol from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. US Capital Advisors set a $165.00 target price on Amphenol in a research note on Friday, January 9th. Finally, Citigroup reaffirmed a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $176.53.
Read Our Latest Stock Report on APH
Institutional Trading of Amphenol
A number of institutional investors have recently made changes to their positions in APH. Brighton Jones LLC boosted its stake in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after acquiring an additional 4,721 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of Amphenol by 8.3% during the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock valued at $559,000 after acquiring an additional 618 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Amphenol by 55.4% during the second quarter. NewEdge Advisors LLC now owns 62,946 shares of the electronics maker’s stock valued at $6,216,000 after acquiring an additional 22,434 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Amphenol by 15.5% during the second quarter. Main Street Financial Solutions LLC now owns 4,745 shares of the electronics maker’s stock valued at $469,000 after acquiring an additional 638 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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