Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.25 per share by the electronics maker on Wednesday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Monday, December 16th.
Amphenol has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Amphenol has a dividend payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $3.97 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.2%.
Shares of NYSE:APH opened at $107.14 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $102.80 and a 200 day simple moving average of $95.54. The firm has a market cap of $31.41 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 3.02 and a beta of 1.03. Amphenol has a 12-month low of $74.95 and a 12-month high of $108.30.
A number of research firms have commented on APH. Wells Fargo & Co reaffirmed a “buy” rating on shares of Amphenol in a report on Monday, September 16th. JPMorgan Chase & Co. began coverage on shares of Amphenol in a report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $103.91.
In other news, VP David M. Silverman sold 9,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $105.01, for a total transaction of $945,090.00. Following the completion of the transaction, the vice president now owns 9,000 shares of the company’s stock, valued at $945,090. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 13,500 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $101.45, for a total transaction of $1,369,575.00. Following the transaction, the vice president now directly owns 17,000 shares of the company’s stock, valued at approximately $1,724,650. The disclosure for this sale can be found here. In the last ninety days, insiders sold 595,760 shares of company stock valued at $60,558,282. 2.60% of the stock is currently owned by corporate insiders.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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