TE Connectivity Ltd. (NYSE:TEL) COO Joseph B. Donahue sold 1,238 shares of TE Connectivity stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $93.23, for a total value of $115,418.74. Following the completion of the sale, the chief operating officer now directly owns 52,134 shares in the company, valued at approximately $4,860,452.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of TE Connectivity Ltd. (NYSE:TEL) traded up $0.46 during trading hours on Wednesday, hitting $93.82. The stock had a trading volume of 1,407,100 shares, compared to its average volume of 1,416,310. TE Connectivity Ltd. has a 12 month low of $66.14 and a 12 month high of $93.83. The company has a market capitalization of $32,991.94, a PE ratio of 19.33, a PEG ratio of 1.80 and a beta of 1.06. 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 (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 company posted $1.22 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. analysts forecast that TE Connectivity Ltd. will post 5.27 earnings per share for the current year.
The company also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, November 22nd. TE Connectivity’s dividend payout ratio is presently 33.97%.
Several large investors have recently modified their holdings of TEL. Duncker Streett & Co. Inc. boosted its holdings in shares of TE Connectivity by 17.8% during the second quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of TE Connectivity by 38.6% in the second 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 in the last quarter. AllSquare Wealth Management LLC acquired a new stake in shares of TE Connectivity in the third quarter valued at approximately $113,000. Acrospire Investment Management LLC acquired a new stake in shares of TE Connectivity in the second quarter valued at approximately $126,000. Finally, Harfst & Associates Inc. raised its position in shares of TE Connectivity by 46.2% in the second 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 in the last quarter. Institutional investors own 90.07% of the company’s stock.
TEL has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on TE Connectivity in a research report on Friday, November 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 target price on shares of TE Connectivity in a research report on Friday, November 3rd. Robert W. Baird initiated coverage on TE Connectivity in a research report on Friday, November 3rd. They issued an “outperform” rating and a $105.00 target price on the stock. Morgan Stanley lifted their target price on TE Connectivity from $89.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised TE Connectivity from a “sell” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. TE Connectivity presently has a consensus rating of “Buy” and a consensus price target of $150.00.
About TE Connectivity
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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