Amphenol Co. (NYSE:APH) Insider Jean-Luc Gavelle Sells 122,000 Shares of Stock

Amphenol Co. (NYSE:APHGet Rating) insider Jean-Luc Gavelle sold 122,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $77.44, for a total value of $9,447,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amphenol Price Performance

Amphenol stock opened at $77.54 on Friday. Amphenol Co. has a 12 month low of $61.67 and a 12 month high of $88.45. The company has a current ratio of 2.45, a quick ratio of 1.65 and a debt-to-equity ratio of 0.74. The business’s 50 day simple moving average is $68.23 and its 200 day simple moving average is $71.94. The company has a market cap of $46.12 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.31 and a beta of 1.25.

Amphenol (NYSE:APHGet Rating) last issued its earnings results on Wednesday, July 27th. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Amphenol had a net margin of 15.00% and a return on equity of 27.28%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Sell-side analysts forecast that Amphenol Co. will post 2.92 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Tuesday, September 20th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. Amphenol’s payout ratio is currently 27.97%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MV Capital Management Inc. grew its position in Amphenol by 112.6% in the second quarter. MV Capital Management Inc. now owns 406 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 215 shares in the last quarter. Prospera Financial Services Inc purchased a new position in Amphenol in the first quarter worth $30,000. EverSource Wealth Advisors LLC purchased a new position in Amphenol in the fourth quarter worth $32,000. Riverview Trust Co purchased a new position in Amphenol in the first quarter worth $34,000. Finally, Tcwp LLC purchased a new position in Amphenol in the first quarter worth $36,000. Institutional investors own 95.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on APH. Robert W. Baird reissued an “outperform” rating and set a $85.00 price objective on shares of Amphenol in a report on Friday, April 29th. The Goldman Sachs Group lowered their target price on Amphenol from $87.00 to $83.00 in a research report on Wednesday, June 1st. Cowen lowered their price objective on Amphenol from $80.00 to $73.00 and set a “market perform” rating for the company in a research report on Friday, July 1st. Citigroup lowered their price objective on Amphenol from $100.00 to $90.00 in a research report on Thursday, April 28th. Finally, raised Amphenol from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.89.

Amphenol Company Profile

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for Amphenol (NYSE:APH)

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