Richard Adam Norwitt Sells 262,000 Shares of Amphenol Corp. (APH) Stock

Amphenol Corp. (NYSE:APH) insider Richard Adam Norwitt sold 262,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $59.01, for a total transaction of $15,460,620.00. Following the sale, the insider now owns 137,992 shares in the company, valued at $8,142,907.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Amphenol Corp. (NYSE:APH) traded up 1.28% on Tuesday, hitting $59.40. 1,628,410 shares of the company were exchanged. The firm has a 50 day moving average of $58.12 and a 200-day moving average of $55.32. The stock has a market cap of $18.31 billion and a PE ratio of 24.43. Amphenol Corp. has a 52-week low of $44.50 and a 52-week high of $60.50.

Amphenol Corp. (NYSE:APH) last announced its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. During the same quarter in the prior year, the company earned $0.58 EPS. The company earned $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. The business’s quarterly revenue was up 14.6% on a year-over-year basis.

APH has been the topic of a number of research reports. Cantor Fitzgerald increased their target price on shares of Amphenol Corp. from $80.00 to $84.00 and gave the stock a “hold” rating in a report on Monday, March 28th. Zacks Investment Research downgraded shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Royal Bank Of Canada reissued a “top pick” rating and issued a $60.00 price objective (up from $57.00) on shares of Amphenol Corp. in a research report on Monday, March 28th. SunTrust Banks Inc. increased their price objective on shares of Amphenol Corp. from $83.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, March 28th. Finally, RBC Capital Markets reissued a “top pick” rating and issued a $63.00 price objective (up from $61.00) on shares of Amphenol Corp. in a research report on Friday. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.33.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Tuesday, June 14th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, June 10th. This represents a $0.56 dividend on an annualized basis and a yield of 0.94%.

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: Interconnect Products and Assemblies, and Cable Products and Solutions.