Amphenol Corporation (NYSE:APH – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of 0.25 per share by the electronics maker on Wednesday, October 14th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 22nd.
Amphenol has raised its dividend payment by an average of 0.2%per year over the last three years. Amphenol has a payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Amphenol to earn $6.36 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 15.7%.
Amphenol Price Performance
APH stock traded down $1.55 on Thursday, hitting $170.69. 5,360,304 shares of the company’s stock traded hands, compared to its average volume of 9,592,384. The stock has a market cap of $210.45 billion, a price-to-earnings ratio of 42.78, a P/E/G ratio of 1.36 and a beta of 1.24. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 1.10. The stock has a fifty day moving average of $157.53 and a 200-day moving average of $145.55. Amphenol has a 1-year low of $104.71 and a 1-year high of $178.52.
Analyst Ratings Changes
APH has been the subject of several analyst reports. Truist Financial lifted their price objective on shares of Amphenol from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Friday, July 17th. Barclays reissued an “overweight” rating and issued a $200.00 price objective (up from $198.00) on shares of Amphenol in a research note on Monday, July 13th. TD Cowen reiterated a “hold” rating and set a $175.00 price target (up from $135.00) on shares of Amphenol in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Buy” and an average price target of $191.67.
Read Our Latest Research Report on Amphenol
About Amphenol
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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