Richard Adam Norwitt Sells 220,000 Shares of Amphenol Corporation (APH) Stock
Amphenol Corporation (NYSE:APH) CEO Richard Adam Norwitt sold 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the sale, the chief executive officer now directly owns 216,492 shares in the company, valued at approximately $18,639,961.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Richard Adam Norwitt also recently made the following trade(s):
- On Thursday, August 3rd, Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock. The shares were sold at an average price of $77.95, for a total value of $15,590,000.00.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $0.73 EPS. The company’s revenue was up 12.5% on a year-over-year basis.
COPYRIGHT VIOLATION NOTICE: “Richard Adam Norwitt Sells 220,000 Shares of Amphenol Corporation (APH) Stock” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/richard-adam-norwitt-sells-220000-shares-of-amphenol-corporation-aph-stock/1674606.html.
Institutional investors have recently bought and sold shares of the stock. Dupont Capital Management Corp acquired a new position in Amphenol Corporation in the 2nd quarter worth approximately $109,000. People s United Financial Inc. boosted its stake in Amphenol Corporation by 6.8% in the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after purchasing an additional 95 shares during the period. Parallel Advisors LLC boosted its stake in Amphenol Corporation by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after purchasing an additional 391 shares during the period. Acrospire Investment Management LLC acquired a new position in Amphenol Corporation in the 2nd quarter worth approximately $148,000. Finally, Cribstone Capital Management LLC boosted its stake in Amphenol Corporation by 123.5% in the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after purchasing an additional 1,050 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.
APH has been the topic of a number of recent research reports. Deutsche Bank AG upped their target price on Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $85.00 target price (up previously from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Friday, September 22nd. Cowen and Company reaffirmed an “outperform” rating and issued a $95.00 target price (up previously from $85.00) on shares of Amphenol Corporation in a research note on Tuesday, October 10th. Finally, Bank of America Corporation raised Amphenol Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $86.78.
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.
Receive News & Ratings for Amphenol Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.