Amphenol Corporation (NYSE:APH – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.25 per share by the electronics maker on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 23rd.
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. Research analysts expect Amphenol to earn $5.56 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 18.0%.
Amphenol Stock Performance
Shares of APH traded down $2.03 on Thursday, reaching $136.44. 8,999,794 shares of the stock traded hands, compared to its average volume of 9,657,971. The stock’s 50-day moving average price is $137.62 and its 200-day moving average price is $139.28. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. The firm has a market cap of $167.86 billion, a price-to-earnings ratio of 39.21, a P/E/G ratio of 1.21 and a beta of 1.29. Amphenol has a 12 month low of $80.11 and a 12 month high of $167.04.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Evercore raised their price target on shares of Amphenol from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Citigroup reiterated a “buy” rating and issued a $180.00 price objective (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. The Goldman Sachs Group increased their target price on Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research downgraded Amphenol from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.53.
View Our Latest Stock Analysis on APH
Amphenol Company Profile
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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