Amphenol Corporation (NYSE:APH) declared a quarterly dividend on Wednesday, November 1st, Zacks reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.19 per share by the electronics maker on Wednesday, January 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, December 15th.
Amphenol has raised its dividend payment 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 dividend payout ratio of 23.7% indicating that 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 (APH) opened at $89.34 on Friday. Amphenol has a one year low of $66.00 and a one year high of $91.26. The company has a market capitalization of $27,278.98, a P/E 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.
In other Amphenol news, CFO Craig A. Lampo sold 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.51, for a total value of $895,100.00. Following the sale, the chief financial officer now directly owns 35,000 shares in the company, valued at $3,132,850. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diana G. Reardon sold 503,000 shares of the business’s stock in a transaction 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 in the company, valued at $23,589,800. The disclosure for this sale can be found here. Insiders have sold 849,000 shares of company stock worth $75,518,690 over the last quarter. 2.51% of the stock is currently owned by corporate insiders.
APH has been the subject of a number of research reports. Cowen reissued an “outperform” rating and issued a $95.00 price objective (up previously from $85.00) on shares of Amphenol in a research note on Tuesday, October 10th. Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada reissued a “top pick” rating and issued a $85.00 price objective (up previously from $81.00) on shares of Amphenol in a research note on Tuesday, August 29th. SunTrust Banks raised their target price on Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. Finally, Deutsche Bank restated a “buy” rating and issued a $95.00 target price (up previously from $80.00) on shares of Amphenol in a report on Thursday, October 5th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Amphenol has a consensus rating of “Buy” and a consensus target price of $87.90.
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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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