Sentry Investment Management LLC Sells 812 Shares of Amphenol Co. (NYSE:APH)

Sentry Investment Management LLC lowered its stake in Amphenol Co. (NYSE:APH) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,986 shares of the electronics maker’s stock after selling 812 shares during the quarter. Sentry Investment Management LLC’s holdings in Amphenol were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in APH. Sierra Ocean LLC bought a new position in Amphenol in the 4th quarter valued at approximately $28,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares in the last quarter. Continuum Advisory LLC grew its position in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in Amphenol in the 4th quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. bought a new position in Amphenol in the fourth quarter valued at about $49,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Performance

APH stock opened at $64.91 on Wednesday. Amphenol Co. has a 1-year low of $53.67 and a 1-year high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $70.38 and a 200-day moving average price of $68.79. The firm has a market cap of $78.61 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is 34.46%.

Amphenol Company 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.