Public Employees Retirement System of Ohio Invests $38.67 Million in Amphenol Co. (NYSE:APH)

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after buying an additional 18,322 shares during the period. Spire Wealth Management grew its holdings in Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after purchasing an additional 25,007 shares during the period. Raiffeisen Bank International AG purchased a new stake in Amphenol in the fourth quarter worth about $13,847,000. Consolidated Planning Corp grew its holdings in Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after purchasing an additional 4,631 shares during the period. Finally, Kanawha Capital Management LLC grew its holdings in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after purchasing an additional 6,481 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Activity

In other news, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,178,500 shares of company stock worth $241,903,805. Corporate insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of NYSE APH traded up $2.73 during mid-day trading on Tuesday, hitting $88.28. 7,492,159 shares of the company's stock traded hands, compared to its average volume of 7,496,350. The company's 50-day moving average is $73.05 and its two-hundred day moving average is $71.06. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company has a market capitalization of $106.78 billion, a P/E ratio of 46.10, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $88.54.

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

Amphenol Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on APH. Citigroup increased their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday. UBS Group reiterated a "buy" rating and set a $85.00 price target (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. The Goldman Sachs Group increased their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $82.77.

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.