Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, November 1st, RTT News reports. Investors of record on Monday, December 17th will be paid a dividend of 0.23 per share by the electronics maker on Tuesday, January 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.03%.
Amphenol has increased its dividend by an average of 16.4% annually over the last three years and has increased its dividend every year for the last 6 years. Amphenol has a payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Amphenol to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 23.0%.
Shares of NYSE:APH opened at $89.50 on Thursday. Amphenol has a 12 month low of $80.42 and a 12 month high of $97.56. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.61. The firm has a market cap of $26.66 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.02 and a beta of 0.88.
Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Morgan Stanley lowered their price target on shares of Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 3rd. Goldman Sachs Group assumed coverage on shares of Amphenol in a research note on Tuesday, October 9th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $98.00.
In other Amphenol news, VP Richard Gu sold 2,000 shares of Amphenol stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $93.50, for a total value of $187,000.00. Following the sale, the vice president now directly owns 3,000 shares in the company, valued at approximately $280,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 7,500 shares of Amphenol stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $95.51, for a total transaction of $716,325.00. Following the completion of the sale, the vice president now owns 7,500 shares in the company, valued at $716,325. The disclosure for this sale can be found here. Insiders sold a total of 65,713 shares of company stock worth $6,173,088 over the last quarter. Company insiders own 2.51% of the company’s stock.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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