TE Connectivity Ltd. (NYSE:TEL) Chairman Thomas J. Lynch sold 130,617 shares of TE Connectivity stock in a transaction on Friday, December 1st. The shares were sold at an average price of $93.34, for a total value of $12,191,790.78. Following the completion of the transaction, the chairman now owns 266,953 shares in the company, valued at approximately $24,917,393.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of TE Connectivity Ltd. (TEL) opened at $92.28 on Thursday. The firm has a market capitalization of $32,470.00, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.62 and a beta of 1.08. TE Connectivity Ltd. has a 52-week low of $66.20 and a 52-week high of $96.68. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37.
TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. TE Connectivity’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. analysts forecast that TE Connectivity Ltd. will post 5.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.73%. TE Connectivity’s dividend payout ratio is currently 34.19%.
A number of hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of TE Connectivity by 38.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock valued at $109,000 after buying an additional 384 shares during the last quarter. AllSquare Wealth Management LLC bought a new stake in shares of TE Connectivity in the 3rd quarter valued at about $113,000. Acrospire Investment Management LLC bought a new stake in shares of TE Connectivity in the 2nd quarter valued at about $126,000. Harfst & Associates Inc. grew its position in shares of TE Connectivity by 46.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock valued at $135,000 after buying an additional 544 shares during the last quarter. Finally, Robecosam AG bought a new stake in shares of TE Connectivity in the 3rd quarter valued at about $155,000. Institutional investors and hedge funds own 90.22% of the company’s stock.
Several equities analysts have recently issued reports on TEL shares. Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 price target on shares of TE Connectivity in a research note on Friday, November 3rd. Zacks Investment Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Monday, September 11th. Royal Bank Of Canada decreased their price target on TE Connectivity from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Robert W. Baird started coverage on TE Connectivity in a research note on Friday, November 3rd. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, Wells Fargo & Company started coverage on TE Connectivity in a research note on Friday, November 10th. They issued an “outperform” rating and a $105.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $150.00.
TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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