Amphenol Corporation (NYSE:APH) announced a quarterly dividend on Wednesday, November 1st, Zacks reports. Stockholders of record on Monday, December 18th will be given a dividend of 0.19 per share by the electronics maker on Wednesday, January 10th. This represents a $0.76 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, December 15th.
Amphenol has raised its dividend by an average of 29.6% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Amphenol has a payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Amphenol to earn $3.42 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 22.2%.
Shares of Amphenol (NYSE:APH) traded up $1.21 during trading on Friday, hitting $89.34. The stock had a trading volume of 1,610,000 shares, compared to its average volume of 1,291,699. The stock has a market capitalization of $27,278.98, a price-to-earnings ratio of 28.36, a P/E/G ratio of 2.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. Amphenol has a 1 year low of $66.00 and a 1 year high of $91.26.
Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. research analysts forecast that Amphenol will post 3.21 earnings per share for the current year.
Several equities analysts have issued reports on the company. Royal Bank Of Canada reiterated a “top pick” rating and issued a $85.00 target price (up previously from $81.00) on shares of Amphenol in a research note on Tuesday, August 29th. Cowen reiterated an “outperform” rating and issued a $95.00 target price (up previously from $85.00) on shares of Amphenol in a research note on Tuesday, October 10th. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Thursday, August 24th. Finally, Deutsche Bank raised their price target on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $87.90.
In other news, VP Jean-Luc Gavelle sold 88,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $86.37, for a total value of $7,600,560.00. Following the completion of the sale, the vice president now directly owns 48,000 shares in the company, valued at $4,145,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diana G. Reardon sold 503,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the sale, the director now owns 260,000 shares of the company’s stock, valued at $23,589,800. The disclosure for this sale can be found here. Insiders sold 849,000 shares of company stock valued at $75,518,690 over the last three months. 2.51% of the stock is currently owned by corporate insiders.
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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