Weaver Capital Management LLC Purchases 1,614 Shares of Amphenol Co. (NYSE:APH)

Weaver Capital Management LLC increased its stake in Amphenol Co. (NYSE:APH) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,238 shares of the electronics maker’s stock after buying an additional 1,614 shares during the period. Weaver Capital Management LLC’s holdings in Amphenol were worth $2,725,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Geode Capital Management LLC increased its position in Amphenol by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after purchasing an additional 564,991 shares during the period. Charles Schwab Investment Management Inc. increased its position in Amphenol by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock valued at $427,363,000 after purchasing an additional 63,180 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Amphenol by 25.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock valued at $347,297,000 after purchasing an additional 1,073,480 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after purchasing an additional 2,032,402 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Insider Activity

In other news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $69.75 on Wednesday. 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 firm has a market cap of $84.09 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The company has a 50 day moving average price of $71.82 and a 200-day moving average price of $68.04. Amphenol Co. has a 1-year low of $51.03 and a 1-year high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. Equities research analysts forecast that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.46%.

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.