Strs Ohio Has $13.74 Million Stock Position in Amphenol Co. (NYSE:APH)

Strs Ohio decreased its stake in Amphenol Co. (NYSE:APH) by 9.7% during the 4th quarter, HoldingsChannel reports. The fund owned 138,647 shares of the electronics maker’s stock after selling 14,947 shares during the period. Strs Ohio’s holdings in Amphenol were worth $13,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peoples Bank KS acquired a new stake in shares of Amphenol in the third quarter worth $27,000. Venturi Wealth Management LLC boosted its stake in Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares in the last quarter. Mendota Financial Group LLC acquired a new stake in Amphenol during the fourth quarter worth $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Amphenol during the third quarter worth $34,000. Finally, Sunbelt Securities Inc. acquired a new stake in Amphenol during the first quarter worth $33,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other Amphenol news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,000 shares of company stock worth $31,846,050. 2.22% of the stock is currently owned by company insiders.

Amphenol Stock Performance

Amphenol stock opened at $112.58 on Wednesday. The stock has a 50-day simple moving average of $110.51 and a 200 day simple moving average of $98.17. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol Co. has a 12-month low of $72.00 and a 12-month high of $119.59. The stock has a market capitalization of $67.72 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 3.23 and a beta of 1.30.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a $0.22 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. Amphenol’s payout ratio is 28.30%.

Analyst Upgrades and Downgrades

APH has been the topic of a number of recent research reports. Evercore ISI lifted their price target on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. The Goldman Sachs Group lifted their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Citigroup lifted their price objective on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Robert W. Baird lifted their price objective on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, UBS Group lifted their price objective on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $112.00.

About Amphenol

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.