TE Connectivity Ltd. (NYSE:TEL) COO Joseph B. Donahue sold 1,238 shares of TE Connectivity stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $93.23, for a total value of $115,418.74. Following the transaction, the chief operating officer now owns 52,134 shares of the company’s stock, valued at $4,860,452.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of TE Connectivity Ltd. (TEL) traded down $0.11 during midday trading on Friday, reaching $95.04. The company’s stock had a trading volume of 2,988,816 shares, compared to its average volume of 1,424,926. The firm has a market cap of $33,480.00, a PE ratio of 19.42, a PEG ratio of 1.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. TE Connectivity Ltd. has a 52-week low of $66.14 and a 52-week high of $95.37.
TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm earned $1.22 EPS. TE Connectivity’s revenue was up 3.7% on a year-over-year basis. equities research analysts expect that TE Connectivity Ltd. will post 5.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.68%. TE Connectivity’s dividend payout ratio (DPR) is currently 34.19%.
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Several institutional investors have recently bought and sold shares of TEL. Duncker Streett & Co. Inc. raised its holdings in shares of TE Connectivity by 17.8% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock worth $104,000 after buying an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TE Connectivity by 38.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock worth $109,000 after buying an additional 384 shares in the last quarter. AllSquare Wealth Management LLC acquired a new position in shares of TE Connectivity during the 3rd quarter worth $113,000. Acrospire Investment Management LLC acquired a new position in shares of TE Connectivity during the 2nd quarter worth $126,000. Finally, Harfst & Associates Inc. raised its holdings in shares of TE Connectivity by 46.2% during the 2nd quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock worth $135,000 after buying an additional 544 shares in the last quarter. 90.07% of the stock is owned by institutional investors.
Several analysts recently weighed in on TEL shares. BidaskClub cut TE Connectivity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Morgan Stanley reissued an “overweight” rating and set a $89.00 price target on shares of TE Connectivity in a report on Wednesday, September 20th. Cowen and Company reissued a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a report on Thursday, August 10th. Zacks Investment Research cut TE Connectivity from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Royal Bank Of Canada dropped their price target on TE Connectivity from GBX 300 ($3.95) to GBX 225 ($2.96) and set an “outperform” rating for the company in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target 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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