Wolverine Asset Management LLC Acquires New Shares in Amphenol Co. (NYSE:APH)

Wolverine Asset Management LLC acquired a new stake in Amphenol Co. (NYSE:APH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,000 shares of the electronics maker’s stock, valued at approximately $625,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in APH. Swedbank AB raised its holdings in shares of Amphenol by 38.5% in the third quarter. Swedbank AB now owns 3,600,252 shares of the electronics maker’s stock valued at $234,592,000 after acquiring an additional 1,000,000 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Amphenol by 8.3% in the third quarter. Sequoia Financial Advisors LLC now owns 18,782 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 1,432 shares in the last quarter. Eastern Bank bought a new position in Amphenol in the third quarter worth about $54,000. Private Advisor Group LLC raised its holdings in Amphenol by 5.6% in the third quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock worth $2,553,000 after purchasing an additional 2,061 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Amphenol in the third quarter worth about $81,670,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of NYSE APH opened at $67.58 on Friday. The business’s 50 day moving average price is $70.73 and its 200 day moving average price is $68.68. The firm has a market cap of $81.84 billion, a P/E ratio of 35.29, a P/E/G ratio of 1.97 and a beta of 1.23. Amphenol Co. has a 52 week low of $52.89 and a 52 week high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates 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%. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. On average, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. Amphenol’s dividend payout ratio is currently 34.46%.

Analyst Ratings Changes

A number of equities analysts have commented on APH shares. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

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.