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

Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors 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 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 18th.

Amphenol has increased its dividend by an average of 27.6% per year over the last three years. Amphenol has a dividend payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of APH opened at $70.75 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a 50-day simple moving average of $71.96 and a 200-day simple moving average of $67.99. Amphenol has a fifty-two week low of $50.48 and a fifty-two week high of $79.39. The company has a market capitalization 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.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on APH. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Citigroup raised their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America raised their target price 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. Finally, Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. This represents a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 approximately $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 612,000 shares of company stock worth $44,177,640 over the last three months. 1.80% of the stock is owned by insiders.

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.