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

Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders 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 0.92%.

Amphenol has increased its dividend by an average of 27.6% annually over the last three years. Amphenol has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol has a 12 month low of $50.48 and a 12 month high of $79.39. The firm has a market cap of $86.43 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 2.12 and a beta of 1.24. The stock has a 50-day moving average price of $71.99 and a 200 day moving average price of $67.97.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Research analysts expect that Amphenol will post 2.17 EPS for the current year.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 318,116 shares in the company, valued at approximately $22,764,380.96. This represents a 48.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was 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 directly owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their position. 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. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on APH shares. Evercore ISI upped their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen boosted their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” 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 company an “outperform” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.68.

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.