Amphenol Co. (NYSE:APH) Plans $0.21 Quarterly Dividend

Amphenol Co. (NYSE:APH) declared a quarterly dividend on Friday, August 4th, RTT News reports. Shareholders of record on Tuesday, September 19th will be paid a dividend of 0.21 per share by the electronics maker on Wednesday, October 11th. This represents a $0.84 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, September 18th.

Amphenol has increased its dividend payment by an average of 19.1% annually over the last three years and has increased its dividend every year for the last 11 years. Amphenol has a dividend payout ratio of 26.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $3.20 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 26.3%.

Amphenol Price Performance

Shares of APH opened at $85.72 on Friday. Amphenol has a 12-month low of $65.21 and a 12-month high of $90.28. The business has a 50-day simple moving average of $86.67 and a two-hundred day simple moving average of $81.16. The company has a quick ratio of 1.60, a current ratio of 2.33 and a debt-to-equity ratio of 0.52. The stock has a market cap of $51.13 billion, a PE ratio of 27.92, a PEG ratio of 3.40 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Amphenol had a return on equity of 25.85% and a net margin of 15.15%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Analysts anticipate that Amphenol will post 2.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $88.57, for a total value of $4,428,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amphenol news, insider Luc Walter sold 264,962 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $87.32, for a total value of $23,136,481.84. Following the transaction, the insider now owns 197,962 shares in the company, valued at $17,286,041.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $88.57, for a total value of $4,428,500.00. The disclosure for this sale can be found here. Insiders sold 1,339,962 shares of company stock valued at $117,480,732 over the last 90 days. Company insiders own 2.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of Amphenol in the fourth quarter valued at approximately $33,000. Sunbelt Securities Inc. purchased a new stake in shares of Amphenol during the first quarter valued at approximately $33,000. Brown Brothers Harriman & Co. increased its position in shares of Amphenol by 497.2% during the first quarter. Brown Brothers Harriman & Co. now owns 633 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 527 shares during the last quarter. KB Financial Partners LLC purchased a new stake in shares of Amphenol during the first quarter valued at approximately $51,000. Finally, Zions Bancorporation N.A. increased its position in shares of Amphenol by 16.9% during the first quarter. Zions Bancorporation N.A. now owns 1,136 shares of the electronics maker’s stock valued at $86,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on APH. Truist Financial increased their price target on Amphenol from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Stifel Nicolaus increased their price target on Amphenol from $80.00 to $88.00 in a research note on Thursday, July 27th. StockNews.com initiated coverage on Amphenol in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Robert W. Baird raised their target price on Amphenol from $89.00 to $100.00 in a research note on Thursday, July 27th. Finally, Bank of America raised their target price on Amphenol from $90.00 to $100.00 in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.25.

Amphenol Company Profile

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.