Amphenol Corporation (NYSE:APH – Get Free Report) CEO Richard Adam Norwitt sold 61,072 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $143.90, for a total value of $8,788,260.80. Following the completion of the transaction, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $277,368,257.30. The trade was a 3.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Richard Adam Norwitt also recently made the following trade(s):
- On Tuesday, May 5th, Richard Adam Norwitt sold 17,500 shares of Amphenol stock. The shares were sold at an average price of $143.21, for a total transaction of $2,506,175.00.
- On Monday, May 4th, Richard Adam Norwitt sold 52,203 shares of Amphenol stock. The shares were sold at an average price of $142.04, for a total transaction of $7,414,914.12.
- On Thursday, February 12th, Richard Adam Norwitt sold 515,281 shares of Amphenol stock. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87.
Amphenol Price Performance
NYSE:APH traded down $4.34 during midday trading on Tuesday, hitting $136.70. 11,693,836 shares of the stock were exchanged, compared to its average volume of 9,655,723. Amphenol Corporation has a one year low of $79.10 and a one year high of $167.04. The company has a market capitalization of $168.06 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 1.32 and a beta of 1.29. The business has a 50-day moving average price of $138.09 and a two-hundred day moving average price of $139.12. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18.
Amphenol Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio is currently 28.74%.
Wall Street Analyst Weigh In
APH has been the subject of a number of analyst reports. Robert W. Baird set a $177.00 price objective on shares of Amphenol in a research note on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and set a $215.00 price objective on shares of Amphenol in a research note on Thursday, April 30th. Zacks Research lowered shares of Amphenol from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Jefferies Financial Group upped their price objective on shares of Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group increased their price target on shares of Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $176.53.
Check Out Our Latest Research Report on Amphenol
Institutional Investors Weigh In On Amphenol
A number of large investors have recently added to or reduced their stakes in APH. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Amphenol by 163.8% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock worth $25,000 after buying an additional 113 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in Amphenol by 200.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 168 shares during the period. Tucker Asset Management LLC acquired a new position in Amphenol during the 4th quarter worth $26,000. Board of the Pension Protection Fund bought a new position in shares of Amphenol in the fourth quarter worth about $27,000. Finally, HHM Wealth Advisors LLC bought a new position in Amphenol in the 1st quarter worth approximately $27,000. Institutional investors own 97.01% of the company’s stock.
About Amphenol
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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