Amphenol Co. (NYSE:APH) Declares Quarterly Dividend of $0.22

Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, May 2nd, RTT News reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.22 per share by the electronics maker on Wednesday, July 10th. This represents a $0.88 annualized dividend and a yield of 0.73%.

Amphenol has increased its dividend by an average of 17.8% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Amphenol has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $3.71 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 23.7%.

Amphenol Price Performance

NYSE APH opened at $121.00 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. Amphenol has a 1 year low of $72.77 and a 1 year high of $123.60. The stock’s 50-day moving average price is $113.27 and its two-hundred day moving average price is $100.73. The company has a market cap of $72.67 billion, a PE ratio of 37.00, a PEG ratio of 3.02 and a beta of 1.27.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Amphenol will post 3.35 EPS for the current year.

Amphenol announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,000 shares of company stock worth $14,251,050. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on APH shares. Citigroup boosted their price target on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. The Goldman Sachs Group boosted their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. UBS Group boosted their price target on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Stifel Nicolaus upped their target price on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Finally, Evercore ISI upped their target price on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

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.