TE Connectivity Ltd. (NYSE:TEL) Insider Sells $800,000.00 in Stock

TE Connectivity Ltd. (NYSE:TEL) insider Aaron Kyle Stucki sold 5,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $160.00, for a total value of $800,000.00. Following the completion of the transaction, the insider now directly owns 23,646 shares in the company, valued at approximately $3,783,360. This represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

TE Connectivity Trading Up 1.8%

Shares of TEL stock opened at $163.58 on Friday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $163.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The firm has a market capitalization of $48.51 billion, a PE ratio of 26.13, a PEG ratio of 2.11 and a beta of 1.24. The stock has a fifty day simple moving average of $141.62 and a two-hundred day simple moving average of $146.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.14. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 earnings per share. On average, analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.71 per share. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.74%. TE Connectivity’s dividend payout ratio (DPR) is presently 62.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial decreased their target price on TE Connectivity from $163.00 to $156.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Citigroup decreased their target price on TE Connectivity from $165.00 to $142.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group decreased their target price on TE Connectivity from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company raised their target price on TE Connectivity from $130.00 to $148.00 and gave the stock an “equal weight” rating in a report on Thursday, April 24th. Finally, UBS Group reaffirmed a “buy” rating and issued a $163.00 target price (up from $155.00) on shares of TE Connectivity in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $159.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. purchased a new position in shares of TE Connectivity during the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. grew its position in shares of TE Connectivity by 117.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 107 shares in the last quarter. Costello Asset Management INC purchased a new position in TE Connectivity in the first quarter worth about $28,000. Millstone Evans Group LLC purchased a new position in TE Connectivity in the first quarter worth about $32,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new position in TE Connectivity in the first quarter worth about $34,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.