Craig A. Lampo, Senior Vice President and Chief Financial Officer of Amphenol Corp (NYSE:APH), recently executed a significant stock transaction. On October 29, Lampo sold 150,000 shares of Amphenol's Class A common stock, generating proceeds of approximately $10.3 million. The shares were sold at an average price of $68.7604 per share, with the transactions executed in multiple trades ranging from $68.70 to $68.87.
In a related transaction, Lampo exercised stock options to acquire 150,000 shares at a price of $14.50 per share. Following these transactions, Lampo holds 218,116 shares directly in Amphenol, with additional shares held indirectly through family trusts.
In other recent news, Amphenol Corporation (NYSE:APH) has announced a Q4 dividend of $0.165 per share, demonstrating their ongoing commitment to shareholder value. The company also posted impressive Q3 earnings, with record-breaking sales of $4.39 billion, marking a 26% year-on-year increase, and earnings per share (EPS) of $0.50. Analysts from Truist Securities and BofA Securities responded positively, raising Amphenol's stock price target to $82.00 and $74.00, respectively. TD Cowen maintained a Hold rating, acknowledging the company's sustained growth and solid booking-to-billing ratios.
In addition, Amphenol is set to finalize the acquisition of the Andrew business in the first quarter of 2025, a move expected to contribute to the company's growth. These developments, including strong growth in IT datacom due to high demand for AI applications, are among the recent highlights for Amphenol Corporation. These recent developments are attracting the attention of investors and market analysts.
InvestingPro Insights
Amphenol Corp's recent stock performance and financial metrics provide additional context to Craig A. Lampo's stock transaction. According to InvestingPro data, Amphenol's stock has shown impressive momentum, with a 71.17% total return over the past year and a year-to-date return of 38.78%. This strong performance aligns with the company's solid financial position, as evidenced by its $80.94 billion market capitalization and robust revenue growth of 14.17% over the last twelve months.
InvestingPro Tips highlight Amphenol's consistent dividend growth, having raised its dividend for 12 consecutive years and maintained payments for 20 years. This commitment to shareholder returns is further underscored by the company's recent dividend growth of 57.14%, although the current yield stands at a modest 0.97%.
The company's valuation metrics suggest a premium pricing, with a P/E ratio of 36.7 and a Price to Book ratio of 8.55. An InvestingPro Tip notes that Amphenol is "Trading at a high earnings multiple," which investors should consider in light of the company's strong market position and growth prospects.
For readers interested in a deeper dive into Amphenol's financials and future outlook, InvestingPro offers 13 additional tips and a comprehensive set of real-time metrics, providing valuable insights for investment decision-making.
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