Amphenol Co. (APH) To Go Ex-Dividend on December 17th

Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Tuesday, December 17th will be given a dividend of 0.165 per share by the electronics maker on Wednesday, January 8th. This represents a $0.66 annualized dividend and a yield of 0.97%. The ex-dividend date is Tuesday, December 17th.

Amphenol has raised its dividend payment by an average of 17.8% per year over the last three years. Amphenol has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Amphenol to earn $2.13 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 31.0%.

Amphenol Trading Up 1.3 %

NYSE:APH opened at $67.87 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The firm has a 50-day moving average of $65.22 and a 200-day moving average of $64.97. The company has a market cap of $81.82 billion, a PE ratio of 39.00, a PEG ratio of 2.27 and a beta of 1.24. Amphenol has a one year low of $41.03 and a one year high of $71.20.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, equities research analysts expect that Amphenol will post 1.84 EPS for the current fiscal year.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,630,672 shares of company stock worth $110,992,440. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on APH. Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Truist Financial upped their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Bank of America upped their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, UBS Group upped their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $69.63.

About Amphenol

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.