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

Amphenol Co. (NYSE:APH) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.165 per share by the electronics maker on Wednesday, January 8th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, December 17th.

Amphenol has increased its dividend by an average of 17.8% per year over the last three years. Amphenol has a dividend payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $2.02 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 32.7%.

Amphenol Price Performance

Shares of NYSE:APH opened at $67.01 on Friday. The business has a 50-day simple moving average of $65.21 and a two-hundred day simple moving average of $64.89. Amphenol has a fifty-two week low of $39.75 and a fifty-two week high of $71.20. The firm has a market cap of $80.49 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. On average, analysts expect that Amphenol will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on APH. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird upped their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, TD Cowen lifted their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. 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. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,630,672 shares of company stock worth $110,992,440 over the last quarter. 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.