TE Connectivity Ltd (NYSE:TEL) COO Joseph B. Donahue sold 52,575 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $80.03, for a total value of $4,207,577.25. Following the completion of the sale, the chief operating officer now directly owns 93,484 shares in the company, valued at approximately $7,481,524.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of TE Connectivity Ltd (TEL) opened at 80.38 on Monday. The firm has a market cap of $28.41 billion, a price-to-earnings ratio of 17.07 and a beta of 1.06. The company’s 50 day moving average price is $79.98 and its 200-day moving average price is $76.36. TE Connectivity Ltd has a 1-year low of $58.33 and a 1-year high of $85.20.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.07. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.28 billion. TE Connectivity had a return on equity of 19.37% and a net margin of 12.83%. The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Equities analysts expect that TE Connectivity Ltd will post $4.74 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of TEL. Duncker Streett & Co. Inc. increased its position in shares of TE Connectivity by 17.8% in the second 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. First Command Bank increased its position in shares of TE Connectivity by 19.6% in the second quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock worth $106,000 after buying an additional 221 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new position in shares of TE Connectivity during the first quarter worth $101,000. Guardian Life Insurance Co. of America increased its position in shares of TE Connectivity by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,370 shares of the electronics maker’s stock worth $102,000 after buying an additional 9 shares in the last quarter. Finally, Portfolio Solutions LLC acquired a new position in shares of TE Connectivity during the first quarter worth $104,000. Institutional investors and hedge funds own 90.89% of the company’s stock.
Several analysts have weighed in on the company. BidaskClub lowered TE Connectivity from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank Of Canada upped their target price on TE Connectivity from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Zacks Investment Research raised TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, June 22nd. Finally, Cowen and Company reissued an “outperform” rating and issued a $95.00 target price (up previously from $90.00) on shares of TE Connectivity in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. TE Connectivity presently has a consensus rating of “Buy” and an average target price of $83.43.
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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