Amphenol Co. (APH) To Go Ex-Dividend on March 20th

Amphenol Co. (NYSE:APHGet Rating) declared a quarterly dividend on Thursday, February 2nd, RTT News reports. Stockholders of record on Tuesday, March 21st will be given a dividend of 0.21 per share by the electronics maker on Wednesday, April 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, March 20th.

Amphenol has increased its dividend payment by an average of 19.1% per year over the last three years and has raised its dividend every year for the last 11 years. Amphenol has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Amphenol to earn $3.24 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 25.9%.

Amphenol Price Performance

Shares of NYSE APH opened at $76.79 on Friday. The stock has a fifty day simple moving average of $79.18 and a two-hundred day simple moving average of $76.38. Amphenol has a 1-year low of $61.67 and a 1-year high of $82.86. The firm has a market cap of $45.66 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 2.94 and a beta of 1.24. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65.

Amphenol (NYSE:APHGet Rating) last announced its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Amphenol had a return on equity of 27.93% and a net margin of 15.07%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company earned $0.70 earnings per share. Amphenol’s revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that Amphenol will post 2.96 earnings per share for the current year.

Wall Street Analyst Weigh In

APH has been the subject of several research reports. Truist Financial increased their price objective on Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 23rd. Credit Suisse Group assumed coverage on Amphenol in a research report on Monday, December 12th. They set an “outperform” rating and a $93.00 target price on the stock. Robert W. Baird dropped their target price on Amphenol from $93.00 to $91.00 in a research report on Thursday, January 26th. StockNews.com downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday, March 11th. Finally, Jefferies Financial Group downgraded Amphenol from a “buy” rating to a “hold” rating and increased their target price for the stock from $87.00 to $88.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.36.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 25,000 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $82.19, for a total value of $2,054,750.00. Following the sale, the vice president now owns 25,700 shares in the company, valued at $2,112,283. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Richard Adam Norwitt sold 650,000 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the transaction, the chief executive officer now owns 967,424 shares of the company’s stock, valued at $79,057,889.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 25,000 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $82.19, for a total value of $2,054,750.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,112,283. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 804,800 shares of company stock worth $65,769,622. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in APH. Altshuler Shaham Ltd bought a new position in Amphenol in the fourth quarter valued at $33,000. Brown Brothers Harriman & Co. grew its stake 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 buying an additional 527 shares during the last quarter. Zions Bancorporation N.A. grew its stake 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 buying an additional 164 shares during the last quarter. Evergreen Capital Management LLC bought a new position in shares of Amphenol during the fourth quarter valued at about $201,000. Finally, PFS Investments Inc. bought a new position in shares of Amphenol during the fourth quarter valued at about $202,000. Institutional investors own 94.01% of the company’s stock.

About Amphenol

(Get Rating)

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.

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Dividend History for Amphenol (NYSE:APH)

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