Everence Capital Management Inc. Has $592,000 Stake in Amphenol Co. (NYSE:APH)

Everence Capital Management Inc. decreased its position in Amphenol Co. (NYSE:APH) by 43.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,972 shares of the electronics maker’s stock after selling 4,670 shares during the period. Everence Capital Management Inc.’s holdings in Amphenol were worth $592,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APH. Peoples Bank KS purchased a new stake in Amphenol in the 3rd quarter worth approximately $27,000. Venturi Wealth Management LLC lifted its position 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 in the last quarter. Mendota Financial Group LLC bought a new position in shares of Amphenol during the 4th quarter valued at $33,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Amphenol during the 3rd quarter valued at $34,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Amphenol during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 1.0 %

NYSE:APH opened at $111.49 on Thursday. Amphenol Co. has a 12-month low of $72.00 and a 12-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 market capitalization of $67.07 billion, a P/E ratio of 35.85, a P/E/G ratio of 3.21 and a beta of 1.30. The stock’s fifty day simple moving average is $110.65 and its 200-day simple moving average is $98.26.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. Equities research analysts expect that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.79%. Amphenol’s dividend payout ratio is presently 28.30%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. The Goldman Sachs Group raised their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus increased their price objective on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. UBS Group increased their price objective on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup increased their price objective on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $112.00.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction dated 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 of the company’s stock, valued at approximately $15,391,200.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,000 shares of company stock worth $31,846,050. Corporate insiders own 2.22% of the company’s stock.

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.