Craig A. Lampo Sells 10,000 Shares of Amphenol Corporation (APH) Stock
Amphenol Corporation (NYSE:APH) CFO Craig A. Lampo sold 10,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.51, for a total transaction of $895,100.00. Following the transaction, the chief financial officer now owns 35,000 shares in the company, valued at approximately $3,132,850. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Amphenol Corporation (NYSE:APH) traded up $0.21 during mid-day trading on Monday, hitting $89.52. 1,052,300 shares of the company were exchanged, compared to its average volume of 1,126,907. Amphenol Corporation has a 1 year low of $66.00 and a 1 year high of $89.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. The stock has a market capitalization of $27,330.00, a price-to-earnings ratio of 28.42, a PEG ratio of 2.75 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. Amphenol Corporation’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. research analysts anticipate that Amphenol Corporation will post 3.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be given a $0.19 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. Amphenol Corporation’s dividend payout ratio is presently 24.28%.
APH has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Thursday, August 17th. Bank of America Corporation upgraded shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Deutsche Bank AG reiterated a “buy” rating and issued a $95.00 price objective (up previously from $80.00) on shares of Amphenol Corporation in a research note on Thursday, October 5th. Finally, Morgan Stanley increased their price objective on shares of Amphenol Corporation from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $87.90.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. IFM Investors Pty Ltd bought a new stake in Amphenol Corporation in the third quarter worth $725,000. California Public Employees Retirement System lifted its position in Amphenol Corporation by 6.5% in the third quarter. California Public Employees Retirement System now owns 749,808 shares of the electronics maker’s stock worth $63,464,000 after buying an additional 45,708 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new stake in Amphenol Corporation in the third quarter worth $684,000. Zions Bancorporation bought a new stake in Amphenol Corporation in the third quarter worth $169,000. Finally, Vident Investment Advisory LLC bought a new stake in Amphenol Corporation in the third quarter worth $423,000. Institutional investors own 97.47% of the company’s stock.
About Amphenol Corporation
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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