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 annualized dividend and a dividend yield of 0.93%.

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

Shares of NYSE APH opened at $70.87 on Thursday. The stock has a market cap of $85.44 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.12 and a beta of 1.24. Amphenol has a 12 month low of $50.48 and a 12 month high of $79.39. The company has a 50 day simple moving average of $72.02 and a two-hundred day simple moving average of $67.96. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. As a group, analysts predict that Amphenol will post 2.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APH. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Insider Buying and Selling

In related news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on 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 in the company, valued at approximately $1,005,340. This trade represents a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 612,000 shares of company stock valued at $44,177,640. 1.80% of the stock is currently 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.