Richard Adam Norwitt Sells 500,000 Shares of Amphenol (NYSE:APH) Stock

Amphenol Corporation (NYSE:APH) CEO Richard Adam Norwitt sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $161.57, for a total value of $80,785,000.00. Following the completion of the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $311,427,305.99. The trade was a 20.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Richard Adam Norwitt also recently made the following trade(s):

• On Friday, July 31st, Richard Adam Norwitt sold 186,104 shares of Amphenol stock. The shares were sold at an average price of $162.27, for a total transaction of $30,199,096.08.
• On Tuesday, May 5th, Richard Adam Norwitt sold 17,500 shares of Amphenol stock. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00.

Amphenol Trading Up 1.9%

Shares of NYSE:APH traded up $3.08 during trading on Monday, reaching $163.78. The stock had a trading volume of 6,975,399 shares, compared to its average volume of 9,653,168. The firm’s fifty day moving average is $155.61 and its 200 day moving average is $145.14. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.41 and a current ratio of 1.89. Amphenol Corporation has a 52 week low of $104.71 and a 52 week high of $178.52. The stock has a market cap of $201.49 billion, a price-to-earnings ratio of 41.05, a P/E/G ratio of 1.30 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 29th. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.16. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the prior year, the company posted $0.81 earnings per share. Amphenol’s revenue for the quarter was up 55.0% compared to the same quarter last year. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. As a group, equities analysts forecast that Amphenol Corporation will post 5.13 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, June 23rd. Amphenol’s dividend payout ratio (DPR) is presently 25.06%.

Analysts Set New Price Targets

APH has been the topic of several research analyst reports. TD Cowen restated a “hold” rating and set a $175.00 target price (up from $135.00) on shares of Amphenol in a research report on Monday, July 13th. Wall Street Zen lowered Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group restated a “buy” rating and set a $197.00 price target (up from $185.00) on shares of Amphenol in a report on Thursday. Citigroup lifted their price objective on shares of Amphenol from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $191.67.

Institutional Trading of Amphenol

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Amphenol by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 126,553,498 shares of the electronics maker’s stock valued at $17,102,440,000 after buying an additional 1,322,682 shares in the last quarter. J. Stern & Co. LLP raised its holdings in shares of Amphenol by 9,435.8% in the 4th quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker’s stock worth $10,374,670,000 after acquiring an additional 75,964,718 shares during the last quarter. State Street Corp lifted its position in Amphenol by 1.6% in the 4th quarter. State Street Corp now owns 56,913,598 shares of the electronics maker’s stock valued at $7,705,440,000 after acquiring an additional 888,526 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Amphenol by 102.7% in the 4th quarter. JPMorgan Chase & Co. now owns 34,325,148 shares of the electronics maker’s stock valued at $4,638,701,000 after acquiring an additional 17,387,536 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Amphenol by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 30,318,652 shares of the electronics maker’s stock valued at $4,087,372,000 after purchasing an additional 748,813 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.