TE Connectivity Ltd. (NYSE:TEL) COO Joseph B. Donahue sold 8,843 shares of TE Connectivity stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $93.25, for a total transaction of $824,609.75. Following the sale, the chief operating officer now owns 44,480 shares in the company, valued at approximately $4,147,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of TE Connectivity Ltd. (NYSE TEL) traded down $0.17 during trading hours on Monday, hitting $93.36. The stock had a trading volume of 1,198,755 shares, compared to its average volume of 1,415,811. TE Connectivity Ltd. has a 52-week low of $66.13 and a 52-week high of $93.75. The stock has a market cap of $33,060.00, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.06. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.37.
TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the firm posted $1.22 EPS. The business’s revenue was up 3.7% on a year-over-year basis. analysts forecast that TE Connectivity Ltd. will post 5.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given 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 1.71%. TE Connectivity’s dividend payout ratio (DPR) is 34.26%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of TEL. First Eagle Investment Management LLC raised its stake in TE Connectivity by 112,210.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,684,659 shares of the electronics maker’s stock valued at $132,549,000 after purchasing an additional 1,683,159 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in TE Connectivity by 499.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,386,610 shares of the electronics maker’s stock valued at $109,098,000 after purchasing an additional 1,155,316 shares during the last quarter. Boston Partners raised its stake in TE Connectivity by 8.1% in the 3rd quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock valued at $1,032,298,000 after purchasing an additional 934,796 shares during the last quarter. Koch Industries Inc. acquired a new position in TE Connectivity in the 2nd quarter valued at $523,000. Finally, Vanguard Group Inc. raised its stake in TE Connectivity by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock valued at $1,834,196,000 after purchasing an additional 521,884 shares during the last quarter. 90.07% of the stock is owned by hedge funds and other institutional investors.
TEL has been the subject of several recent analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $95.00 price objective on shares of TE Connectivity in a research note on Thursday, August 10th. BidaskClub lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Monday, September 4th. Stifel Nicolaus restated a “buy” rating and set a $87.00 price objective on shares of TE Connectivity in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $95.00 price objective (up previously from $90.00) on shares of TE Connectivity in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. TE Connectivity presently has a consensus rating of “Buy” and a consensus 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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