Amphenol Co. (NYSE:APH) declared a quarterly dividend on Thursday, July 30th, RTT News reports. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.25 per share by the electronics maker on Wednesday, October 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.96%.
Amphenol has increased its dividend payment by an average of 65.5% per year over the last three years and has increased its dividend every year for the last 8 years. Amphenol has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $3.88 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.8%.
Shares of NYSE:APH traded down $1.56 during midday trading on Thursday, reaching $104.27. 13,283 shares of the company’s stock were exchanged, compared to its average volume of 1,417,988. The stock has a market cap of $31.17 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 4.23 and a beta of 1.27. Amphenol has a fifty-two week low of $63.05 and a fifty-two week high of $110.24. The firm’s 50 day simple moving average is $98.01 and its two-hundred day simple moving average is $93.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.59 and a quick ratio of 1.82.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.18. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.75 billion. Amphenol had a net margin of 13.56% and a return on equity of 23.39%. During the same quarter last year, the firm posted $0.92 earnings per share. Equities research analysts predict that Amphenol will post 3.28 earnings per share for the current fiscal year.
A number of brokerages have issued reports on APH. Stifel Nicolaus boosted their target price on Amphenol from $80.00 to $95.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. TheStreet lowered Amphenol from a “b-” rating to a “c+” rating in a research note on Thursday, April 2nd. Citigroup raised their target price on Amphenol from $120.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Co reiterated a “buy” rating and set a $118.00 price target (up from $108.00) on shares of Amphenol in a research note on Thursday, July 23rd. Finally, Loop Capital began coverage on shares of Amphenol in a research report on Monday, April 20th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $108.50.
In related news, SVP Luc Walter sold 80,282 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $98.79, for a total value of $7,931,058.78. Following the transaction, the senior vice president now owns 124,615 shares of the company’s stock, valued at $12,310,715.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 325,000 shares of Amphenol stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $105.12, for a total value of $34,164,000.00. Following the sale, the chief executive officer now directly owns 200,000 shares of the company’s stock, valued at $21,024,000. The disclosure for this sale can be found here. Insiders have sold 469,082 shares of company stock worth $48,535,741 over the last 90 days. Insiders own 2.72% 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 worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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