Amphenol Co. Plans Quarterly Dividend of $0.21 (NYSE:APH)

Amphenol Co. (NYSE:APH – Get Rating) declared a quarterly dividend on Thursday, February 2nd, RTT News reports. Investors of record on Tuesday, March 21st will be paid a dividend of 0.21 per share by the electronics maker on Wednesday, April 12th. This represents a $0.84 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Monday, March 20th.

Amphenol has increased its dividend payment by an average of 19.1% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Amphenol has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amphenol to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 25.9%.

Amphenol Price Performance

Shares of NYSE:APH opened at $76.79 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.42 and a quick ratio of 1.64. Amphenol has a one year low of $61.67 and a one year high of $82.86. The firm has a 50 day simple moving average of $79.18 and a 200 day simple moving average of $76.39. The company has a market cap of $45.66 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.95 and a beta of 1.24.

Amphenol (NYSE:APH – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Research analysts predict that Amphenol will post 2.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Amphenol in a research report on Monday, December 12th. They issued an “outperform” rating and a $93.00 price target for the company. Robert W. Baird decreased their price target on shares of Amphenol from $93.00 to $91.00 in a research report on Thursday, January 26th. Jefferies Financial Group cut shares of Amphenol from a “buy” rating to a “hold” rating and increased their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. StockNews.com upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Truist Financial increased their price objective on shares of Amphenol from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $86.36.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 650,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $81.72, for a total value of $53,118,000.00. Following the completion of the sale, the chief executive officer now directly owns 967,424 shares in the company, valued at $79,057,889.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amphenol news, VP Lance E. D’amico sold 25,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $82.19, for a total value of $2,054,750.00. Following the completion of the sale, the vice president now directly owns 25,700 shares in the company, valued at $2,112,283. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 650,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total transaction of $53,118,000.00. Following the completion of the sale, the chief executive officer now owns 967,424 shares of the company’s stock, valued at $79,057,889.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 804,800 shares of company stock worth $65,769,622. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amphenol

A number of large investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new position in shares of Amphenol in the fourth quarter valued at $33,000. Brown Brothers Harriman & Co. lifted its stake in shares of Amphenol by 497.2% in the first quarter. Brown Brothers Harriman & Co. now owns 633 shares of the electronics maker’s stock valued at $48,000 after buying an additional 527 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in shares of Amphenol by 16.9% in the first quarter. Zions Bancorporation N.A. now owns 1,136 shares of the electronics maker’s stock valued at $86,000 after buying an additional 164 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Amphenol in the fourth quarter valued at $201,000. Finally, PFS Investments Inc. bought a new position in shares of Amphenol in the fourth quarter valued at $202,000. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Company Profile

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.