TE Connectivity Ltd. (TEL) Insider Joan Wainwright Sells 63,562 Shares of Stock

TE Connectivity Ltd. (NYSE:TEL) insider Joan Wainwright sold 63,562 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $94.79, for a total value of $6,025,041.98. Following the completion of the transaction, the insider now owns 61,292 shares of the company’s stock, valued at $5,809,868.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of TE Connectivity Ltd. (TEL) opened at $95.89 on Tuesday. 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 Ltd. has a 1-year low of $66.14 and a 1-year high of $96.15. The firm has a market capitalization of $33,760.00, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period last year, the business posted $1.22 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts predict that TE Connectivity Ltd. will post 5.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders 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 yield of 1.67%. TE Connectivity’s payout ratio is currently 34.19%.

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TEL has been the subject of a number of research reports. 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 for the company in a research note on Monday, September 11th. Royal Bank Of Canada dropped their price target on TE Connectivity from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Robert W. Baird initiated coverage on TE Connectivity in a research note on Friday, November 3rd. They issued an “outperform” rating and a $105.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on TE Connectivity in a research note on Friday, November 10th. They issued an “outperform” rating and a $105.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $150.00.

Institutional investors have recently modified their holdings of the business. Duncker Streett & Co. Inc. grew its holdings in 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 acquiring an additional 200 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in 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 acquiring an additional 384 shares during the period. AllSquare Wealth Management LLC acquired a new stake in TE Connectivity during the 3rd quarter worth about $113,000. Acrospire Investment Management LLC acquired a new stake in TE Connectivity during the 2nd quarter worth about $126,000. Finally, Harfst & Associates Inc. grew its holdings in 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 acquiring an additional 544 shares during the period. Hedge funds and other institutional investors own 89.58% of the company’s stock.

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.

Insider Buying and Selling by Quarter for TE Connectivity (NYSE:TEL)

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