Wolverine Asset Management LLC Acquires Shares of 9,000 Amphenol Co. (NYSE:APH)

Wolverine Asset Management LLC bought a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,000 shares of the electronics maker's stock, valued at approximately $625,000.

Other hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its position in shares of 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 worth $280,397,000 after buying an additional 2,032,402 shares during the period. Two Sigma Advisers LP acquired a new position in Amphenol during the third quarter valued at approximately $113,828,000. State Street Corp increased its stake in Amphenol by 3.0% in the third 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 in the last quarter. Point72 Asset Management L.P. raised its holdings in Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker's stock worth $144,047,000 after purchasing an additional 1,332,298 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Amphenol by 157.2% during the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker's stock worth $125,899,000 after purchasing an additional 1,180,944 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Up 1.6 %

Shares of NYSE APH traded up $1.06 during mid-day trading on Wednesday, hitting $66.07. The company had a trading volume of 9,800,579 shares, compared to its average volume of 7,813,120. Amphenol Co. has a one year low of $53.76 and a one year high of $79.39. The company has a market capitalization of $80.02 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. 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 firm has a 50-day simple moving average of $70.38 and a two-hundred day simple moving average of $68.79.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping 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 business's quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, equities analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 34.46%.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Citigroup raised their price target on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Truist Financial raised 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. Finally, The Goldman Sachs Group upped 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. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $80.68.

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.