Amphenol Co. (NYSE:APH – Get Free Report) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.165 per share by the electronics maker on Wednesday, January 8th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Tuesday, December 17th.
Amphenol has increased its dividend 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. Equities research 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 Price Performance
Shares of NYSE:APH opened at $67.87 on Friday. The company’s fifty day moving average price is $65.22 and its 200-day moving average price is $64.97. The firm has a market capitalization of $81.82 billion, a price-to-earnings 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. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.
Analyst Ratings Changes
Several equities analysts recently commented on APH shares. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. UBS Group increased their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.63.
Insider Transactions at Amphenol
In other news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,630,672 shares of company stock valued at $110,992,440. Company insiders own 1.80% of the company’s stock.
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.
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