Amphenol Co. (NYSE:APH) Announces Quarterly Dividend of $0.17

Amphenol Co. (NYSE:APH) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.165 per share by the electronics maker on Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.92%.

Amphenol has increased 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. Analysts expect Amphenol to earn $2.35 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 28.1%.

Amphenol Price Performance

Shares of APH stock opened at $71.69 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.33. The company has a market capitalization of $86.43 billion, a P/E ratio of 37.43, a P/E/G ratio of 2.12 and a beta of 1.24. The company’s 50-day simple moving average is $71.99 and its two-hundred day simple moving average is $67.97. Amphenol has a one year low of $50.48 and a one year high of $79.39.

Amphenol (NYSE:APH) last issued its 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, equities analysts anticipate that Amphenol will post 2.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APH. The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” 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. Robert W. Baird boosted their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at $1,005,340. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 612,000 shares of company stock worth $44,177,640 in the last three months. Insiders own 1.80% 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.