Public Employees Retirement System of Ohio Makes New Investment in Amphenol Co. (NYSE:APH)

Public Employees Retirement System of Ohio bought a new stake in Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 556,830 shares of the electronics maker's stock, valued at approximately $38,672,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol during the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol in the 4th quarter valued at $28,000. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP David M. Silverman sold 87,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the sale, the vice president now owns 12,500 shares of the company's stock, valued at approximately $1,000,375. This trade represents a 87.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,178,500 shares of company stock worth $241,903,805. Corporate insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APH. UBS Group reiterated a "buy" rating and issued a $85.00 price target (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Citigroup lifted their price objective on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $82.77.

Amphenol Trading Down 0.2%

NYSE APH traded down $0.22 during mid-day trading on Wednesday, hitting $88.11. The company's stock had a trading volume of 6,081,639 shares, compared to its average volume of 7,490,788. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $89.73. The stock's fifty day simple moving average is $73.49 and its two-hundred day simple moving average is $71.18. The firm has a market capitalization of $106.58 billion, a P/E ratio of 46.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the prior year, the business earned $0.40 EPS. Amphenol's quarterly revenue was up 47.7% compared to the same quarter last year. Research analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.