Sentry Investment Management LLC Sells 335 Shares of Amphenol Co. (NYSE:APH)

Sentry Investment Management LLC trimmed its position in Amphenol Co. (NYSE:APH) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,123 shares of the electronics maker’s stock after selling 335 shares during the quarter. Sentry Investment Management LLC’s holdings in Amphenol were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in APH. Peoples Bank KS bought a new position in shares of Amphenol during the third quarter valued at about $27,000. Venturi Wealth Management LLC lifted its holdings in Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares during the period. Mendota Financial Group LLC purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $33,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Amphenol during the third quarter valued at approximately $34,000. Finally, Sunbelt Securities Inc. bought a new stake in Amphenol in the first quarter valued at $33,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In related news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock valued at $31,846,050 over the last quarter. 2.22% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on APH shares. Citigroup upped their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus increased their target price on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Jefferies Financial Group initiated coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target on the stock. The Goldman Sachs Group increased their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Evercore ISI boosted their target price on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Amphenol Price Performance

Shares of APH opened at $113.74 on Tuesday. The company has a market capitalization of $68.42 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 3.23 and a beta of 1.30. Amphenol Co. has a twelve month low of $72.00 and a twelve month high of $119.59. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $110.31 and a 200 day moving average of $97.96.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the company earned $0.78 EPS. Amphenol’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts anticipate that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s payout ratio is 28.30%.

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.