Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, July 30th, RTT News reports. Investors of record on Tuesday, September 15th will be given 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 is Monday, September 14th.
Amphenol has raised its dividend payment by an average of 65.5% annually over the last three years and has increased 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 research 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%.
APH stock 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. Amphenol has a 12-month low of $63.05 and a 12-month high of $110.24. The stock has a market cap of $31.38 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 4.21 and a beta of 1.27. The business’s 50-day moving average is $98.16 and its 200 day moving average is $92.97.
Several equities research analysts recently issued reports on APH shares. Citigroup lifted their price objective on Amphenol from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Morgan Stanley raised their target price on shares of Amphenol from $101.00 to $106.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Stifel Nicolaus raised their target price on shares of Amphenol from $80.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Zacks Investment Research raised shares of Amphenol from a “sell” rating to a “hold” rating and set a $91.00 target price on the stock in a research note on Monday, April 27th. Finally, reissued a “sell” rating on shares of Amphenol in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $108.50.
In other news, SVP William J. Doherty sold 50,400 shares of Amphenol stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $101.83, for a total transaction of $5,132,232.00. Following the sale, the senior vice president now owns 20,000 shares of the company’s stock, valued at approximately $2,036,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 7,500 shares of Amphenol 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 sale, the vice president now directly owns 11,000 shares in the company, valued at approximately $1,036,420. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 469,082 shares of company stock worth $48,535,741. Corporate insiders own 2.72% of the company’s stock.
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.
Recommended Story: Dogs of the Dow
Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.