Amphenol Co. (NYSE:APH) Insider Luc Walter Sells 170,000 Shares

Amphenol Co. (NYSE:APH) insider Luc Walter sold 170,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at $28,703,339. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Luc Walter also recently made the following trade(s):

• On Friday, July 26th, Luc Walter sold 106,000 shares of Amphenol stock. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00.
• On Wednesday, May 22nd, Luc Walter sold 230,000 shares of Amphenol stock. The stock was sold at an average price of $67.57, for a total value of $15,541,100.00.

Amphenol Stock Down 3.3 %

APH stock opened at $62.12 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The stock has a market capitalization of $74.81 billion, a P/E ratio of 37.99, a P/E/G ratio of 2.81 and a beta of 1.25. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The business has a 50-day moving average of $66.90 and a 200-day moving average of $59.91.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The business’s revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts anticipate that Amphenol Co. will post 1.74 earnings per share for the current fiscal year.

Amphenol announced that its board has initiated a share repurchase plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. Amphenol’s dividend payout ratio is 26.91%.

Analyst Upgrades and Downgrades

APH has been the topic of a number of recent analyst reports. Bank of America raised their target price on Amphenol from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. UBS Group boosted their price objective on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Jefferies Financial Group began coverage on shares of Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $62.50 target price on the stock. Citigroup boosted their price target on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. raised their price objective on Amphenol from $62.50 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $65.35.

Institutional Trading of Amphenol

Institutional investors and hedge funds have recently bought and sold shares of the stock. Evermay Wealth Management LLC increased its position in shares of Amphenol by 91.4% during the 2nd quarter. Evermay Wealth Management LLC now owns 6,662 shares of the electronics maker’s stock worth $449,000 after purchasing an additional 3,181 shares during the last quarter. Fiduciary Family Office LLC grew its stake in shares of Amphenol by 99.9% in the second quarter. Fiduciary Family Office LLC now owns 8,334 shares of the electronics maker’s stock valued at $561,000 after buying an additional 4,165 shares in the last quarter. Generate Investment Management Ltd increased its holdings in Amphenol by 100.0% during the second quarter. Generate Investment Management Ltd now owns 168,734 shares of the electronics maker’s stock worth $11,368,000 after buying an additional 84,367 shares during the last quarter. Tortoise Investment Management LLC raised its position in Amphenol by 100.0% during the second quarter. Tortoise Investment Management LLC now owns 2,516 shares of the electronics maker’s stock worth $170,000 after acquiring an additional 1,258 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in Amphenol by 107.0% in the second quarter. Fiera Capital Corp now owns 876,180 shares of the electronics maker’s stock valued at $59,028,000 after acquiring an additional 452,825 shares during the last quarter. Institutional investors 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.