NZS Capital LLC Buys 62,212 Shares of Amphenol Co. (NYSE:APH)

NZS Capital LLC grew its position in Amphenol Co. (NYSE:APH - Free Report) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 973,265 shares of the electronics maker's stock after buying an additional 62,212 shares during the period. Amphenol accounts for approximately 2.9% of NZS Capital LLC's investment portfolio, making the stock its 11th largest holding. NZS Capital LLC owned approximately 0.08% of Amphenol worth $67,593,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after purchasing an additional 2,108,578 shares during the period. FMR LLC lifted its stake in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the period. Geode Capital Management LLC increased its stake in shares of Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after acquiring an additional 659,560 shares during the last quarter. Finally, Norges Bank bought a new position in Amphenol during the 4th quarter worth approximately $1,378,794,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 390,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the transaction, the insider now owns 447,790 shares in the company, valued at approximately $33,991,738.90. This trade represents a 46.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the sale, the vice president now directly owns 51,400 shares of the company's stock, valued at approximately $3,920,792. The trade was a 77.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,965,000 shares of company stock worth $224,785,900. Insiders own 1.67% of the company's stock.

Amphenol Stock Up 2.8 %

Shares of NYSE:APH traded up $2.21 during midday trading on Friday, hitting $80.84. The stock had a trading volume of 5,108,181 shares, compared to its average volume of 7,448,520. The company has a market cap of $97.96 billion, a P/E ratio of 42.25, a PEG ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $80.96. The business's 50-day simple moving average is $66.22 and its 200-day simple moving average is $69.27. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

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

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors 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 dividend yield of 0.82%. Amphenol's payout ratio is 32.04%.

Wall Street Analyst Weigh In

APH has been the subject of a number of research analyst reports. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday, April 24th. Citigroup lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. The Goldman Sachs Group raised their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Robert W. Baird upped their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and a consensus price target of $81.62.

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.