Lance E. D’amico Sells 10,000 Shares of Amphenol Co. (APH) Stock

Amphenol Co. (NYSE:APH) VP Lance E. D’amico sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $92.07, for a total value of $920,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Amphenol Co. (NYSE APH) traded up $0.34 during trading on Friday, reaching $84.78. The company’s stock had a trading volume of 2,612,602 shares, compared to its average volume of 1,661,625. The company has a quick ratio of 2.25, a current ratio of 2.95 and a debt-to-equity ratio of 0.88. Amphenol Co. has a 1 year low of $68.08 and a 1 year high of $93.62. The firm has a market capitalization of $25,886.64, a price-to-earnings ratio of 41.36, a P/E/G ratio of 2.49 and a beta of 0.82.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. sell-side analysts forecast that Amphenol Co. will post 3.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.76 annualized dividend and a yield of 0.90%. Amphenol’s dividend payout ratio is currently 37.07%.

Institutional investors have recently added to or reduced their stakes in the business. First Republic Investment Management Inc. increased its stake in shares of Amphenol by 136.4% in the fourth quarter. First Republic Investment Management Inc. now owns 30,640 shares of the electronics maker’s stock valued at $2,690,000 after buying an additional 17,678 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in shares of Amphenol by 6.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 787,980 shares of the electronics maker’s stock valued at $69,185,000 after buying an additional 48,470 shares in the last quarter. Alexandria Capital LLC increased its stake in shares of Amphenol by 36.5% in the fourth quarter. Alexandria Capital LLC now owns 3,550 shares of the electronics maker’s stock valued at $311,000 after buying an additional 950 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of Amphenol by 18.2% in the fourth quarter. Edgestream Partners L.P. now owns 5,814 shares of the electronics maker’s stock valued at $510,000 after buying an additional 894 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Amphenol by 9.8% in the fourth quarter. Synovus Financial Corp now owns 18,178 shares of the electronics maker’s stock valued at $1,598,000 after buying an additional 1,623 shares in the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

APH has been the subject of several research reports. Canaccord Genuity reaffirmed a “hold” rating on shares of Amphenol in a research report on Monday, October 16th. Stifel Nicolaus raised their target price on Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Morgan Stanley raised their target price on Amphenol from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Deutsche Bank raised their target price on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, SunTrust Banks raised their target price on Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $92.00.

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About Amphenol

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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