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

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

TE Connectivity Ltd. (TEL) traded down $0.28 during trading hours on Wednesday, reaching $92.28. 1,989,051 shares of the company’s stock were exchanged, compared to its average volume of 1,439,023. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. The firm has a market capitalization of $32,470.00, a PE ratio of 19.23, a PEG ratio of 1.62 and a beta of 1.08. TE Connectivity Ltd. has a 52 week low of $66.20 and a 52 week high of $96.68.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.09. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.28 billion. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. equities research analysts predict that TE Connectivity Ltd. will post 5.27 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, November 22nd. TE Connectivity’s dividend payout ratio (DPR) is 34.19%.

Several hedge funds and other institutional investors have recently modified their holdings of TEL. Renaissance Technologies LLC acquired a new stake in TE Connectivity during the first quarter worth about $3,601,000. State of Alaska Department of Revenue increased its position in TE Connectivity by 42.4% during the second quarter. State of Alaska Department of Revenue now owns 4,670 shares of the electronics maker’s stock worth $367,000 after purchasing an additional 1,391 shares during the last quarter. Aperio Group LLC increased its position in TE Connectivity by 13.8% during the second quarter. Aperio Group LLC now owns 142,022 shares of the electronics maker’s stock worth $11,174,000 after purchasing an additional 17,209 shares during the last quarter. BTIM Corp. increased its position in TE Connectivity by 41.2% during the second quarter. BTIM Corp. now owns 59,970 shares of the electronics maker’s stock worth $4,718,000 after purchasing an additional 17,500 shares during the last quarter. Finally, Asset Advisors Corp increased its position in TE Connectivity by 12.3% during the second quarter. Asset Advisors Corp now owns 37,550 shares of the electronics maker’s stock worth $2,954,000 after purchasing an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 90.22% of the company’s stock.

Several analysts have recently commented on the stock. Cowen reaffirmed a “buy” rating and issued a $95.00 price objective on shares of TE Connectivity in a report on Thursday, August 10th. Zacks Investment Research raised shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Monday, September 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 price objective on shares of TE Connectivity in a report on Tuesday, October 17th. Royal Bank Of Canada reissued a “buy” rating and set a $95.00 price target (up from $90.00) on shares of TE Connectivity in a report on Monday, October 30th. Finally, Citigroup increased their price target on shares of TE Connectivity from $92.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $150.00.

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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.

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

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