Amphenol Co. (NYSE:APH) Announces $0.17 Quarterly Dividend

Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, January 30th, RTT News reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.165 per share by the electronics maker on Wednesday, April 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, March 18th.

Amphenol has increased its dividend by an average of 27.6% annually over the last three years. Amphenol has a dividend payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Amphenol to earn $2.64 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 25.0%.

Amphenol Price Performance

APH opened at $63.08 on Friday. The stock has a fifty day moving average of $68.57 and a 200-day moving average of $68.53. The firm has a market capitalization of $76.39 billion, a P/E ratio of 32.94, a PEG ratio of 1.92 and a beta of 1.25. Amphenol has a 12-month low of $54.72 and a 12-month high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities analysts forecast that Amphenol will post 2.36 EPS for the current fiscal year.

Analysts Set New Price Targets

APH has been the topic of several research analyst reports. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup increased their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $80.68.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Amphenol stock. Brighton Jones LLC grew its position in Amphenol Co. (NYSE:APH) by 114.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,624 shares of the electronics maker’s stock after acquiring an additional 9,390 shares during the period. Brighton Jones LLC’s holdings in Amphenol were worth $1,224,000 at the end of the most recent reporting period. 97.01% of the stock is currently owned by institutional investors.

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.