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

Amphenol Co. (NYSE:APH) declared a quarterly dividend on Wednesday, July 24th, RTT News reports. Shareholders of record on Tuesday, September 17th will be paid a dividend of 0.165 per share by the electronics maker on Wednesday, October 9th. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 17th.

Amphenol has increased its dividend by an average of 17.8% annually over the last three years. Amphenol has a payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $2.02 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 32.7%.

Amphenol Price Performance

Shares of APH opened at $63.58 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The firm has a 50-day simple moving average of $64.61 and a 200-day simple moving average of $62.76. Amphenol has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The company has a market capitalization of $76.57 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that Amphenol will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at $3,373,382. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,323,010. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock worth $98,236,640 in the last 90 days. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Amphenol to a “strong-buy” rating in a research note on Monday, May 20th. Vertical Research started coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. UBS Group upped their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Citigroup raised their price target on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird dropped their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $65.04.

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.