Amphenol Corporation (NYSE:APH) shareholders (or potential shareholders) will be happy to see that the Independent Director, Robert Livingston, recently bought a whopping US$1.0m worth of stock, at a price of US$84.81. Not only is that a big swing, but it increased their holding size by 25%, which is definitely great to see.
View our latest analysis for Amphenol
Amphenol Insider Transactions Over The Last Year
Notably, that recent purchase by Robert Livingston is the biggest insider purchase of Amphenol shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$86.61. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Amphenol share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Robert Livingston.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Amphenol is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Amphenol insiders own about US$299m worth of shares (which is 0.6% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Amphenol Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Amphenol insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! Of course, the future is what matters most. So if you are interested in Amphenol, you should check out this free report on analyst forecasts for the company.
But note: Amphenol may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.