Amphenol Co. (NYSE:APH) to Issue 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 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% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 2.1 %

Shares of NYSE APH opened at $70.87 on Thursday. The stock has a market capitalization of $85.44 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. Amphenol has a 52 week low of $50.48 and a 52 week high of $79.39. The firm has a 50-day moving average price of $72.02 and a 200 day moving average price of $67.96. 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 (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. Equities research analysts anticipate that Amphenol will post 2.17 EPS for the current fiscal year.

Insider Activity

In related 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold 612,000 shares of company stock valued at $44,177,640 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on APH shares. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Evercore ISI raised their price target 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. JPMorgan Chase & Co. boosted their price objective 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. Citigroup raised their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target 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.