Amphenol Co. (APH) to Issue Quarterly Dividend of $0.17 on April 9th

Amphenol Co. (NYSE:APH) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Tuesday, March 18th will be paid a dividend of 0.165 per share by the electronics maker on Wednesday, April 9th. This represents a $0.66 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 18th.

Amphenol has raised its dividend by an average of 27.6% per year over the last three years. Amphenol has a payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amphenol to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 26.4%.

Amphenol Stock Performance

Shares of APH stock opened at $70.75 on Friday. The firm has a 50 day moving average of $71.96 and a 200-day moving average of $67.99. The company has a market cap of $85.29 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24. 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 has a 52 week low of $50.48 and a 52 week high of $79.39.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. On average, equities analysts forecast that Amphenol will post 2.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on APH shares. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares in the company, valued at $22,764,380.96. The trade was a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 612,000 shares of company stock worth $44,177,640. Company insiders own 1.80% of the company’s stock.

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.