Amphenol Co. (APH) to Issue Quarterly Dividend of $0.17 on April 9th

Amphenol Co. (NYSE:APH) announced a quarterly dividend on Thursday, January 30th, RTT News reports. Investors 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 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, March 18th.

Amphenol has raised its dividend payment by an average of 27.6% per year over the last three years. Amphenol has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. 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

Shares of NYSE APH opened at $63.08 on Friday. The stock’s 50-day moving average is $68.57 and its two-hundred day moving average is $68.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol has a 1-year low of $54.72 and a 1-year high of $79.39. The company has a market cap of $76.39 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. Analysts forecast that Amphenol will post 2.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on APH shares. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Robert W. Baird upped their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five 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. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Hedge Funds Weigh In On Amphenol

A hedge fund recently raised its stake in Amphenol stock. Brighton Jones LLC increased its holdings in Amphenol Co. (NYSE:APH) by 114.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,624 shares of the electronics maker’s stock after buying an additional 9,390 shares during the quarter. Brighton Jones LLC’s holdings in Amphenol were worth $1,224,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Amphenol

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.