Amphenol Co. (NYSE:APH) declared a quarterly dividend on Thursday, July 30th, RTT News reports. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.25 per share by the electronics maker on Wednesday, October 7th. This represents a $1.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, September 14th.
Amphenol has raised its dividend by an average of 65.5% annually over the last three years and has raised its dividend every year for the last 8 years. Amphenol has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $3.93 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 25.4%.
Shares of APH opened at $105.76 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average is $98.16 and its two-hundred day moving average is $92.97. Amphenol has a twelve month low of $63.05 and a twelve month high of $110.24. The firm has a market capitalization of $31.38 billion, a P/E ratio of 29.46, a PEG ratio of 4.21 and a beta of 1.27.
In other Amphenol news, VP Lance E. D’amico sold 7,500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $94.22, for a total transaction of $706,650.00. Following the transaction, the vice president now owns 11,000 shares of the company’s stock, valued at $1,036,420. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 325,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $105.12, for a total transaction of $34,164,000.00. Following the transaction, the chief executive officer now directly owns 200,000 shares in the company, valued at approximately $21,024,000. The disclosure for this sale can be found here. Insiders have sold 469,082 shares of company stock worth $48,535,741 in the last three months. Insiders own 2.72% of the company’s stock.
Several research firms have recently commented on APH. Jefferies Financial Group increased their price target on shares of Amphenol from $119.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their price target on shares of Amphenol from $101.00 to $106.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Zacks Investment Research upgraded shares of Amphenol from a “sell” rating to a “hold” rating and set a $91.00 price target on the stock in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered their price target on shares of Amphenol from $96.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Loop Capital started coverage on shares of Amphenol in a research report on Monday, April 20th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $108.50.
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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