News articles about TE Connectivity (NYSE:TEL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TE Connectivity earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the electronics maker an impact score of 46.2114534579491 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
TE Connectivity (NYSE:TEL) traded up $0.71 during trading on Friday, reaching $96.22. The company’s stock had a trading volume of 2,949,496 shares, compared to its average volume of 1,694,918. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $33,834.51, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.67 and a beta of 1.08. TE Connectivity has a one year low of $66.20 and a one year high of $96.78.
TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share. equities analysts forecast that TE Connectivity will post 5.27 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. TE Connectivity’s payout ratio is currently 33.97%.
TE Connectivity announced that its board has authorized a share repurchase program on Friday, December 8th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the electronics maker to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Several brokerages recently commented on TEL. Royal Bank of Canada decreased their price target on TE Connectivity from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Zacks Investment Research lowered TE Connectivity from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Stifel Nicolaus boosted their price target on TE Connectivity from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their price target on TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley boosted their price target on TE Connectivity from $89.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. TE Connectivity currently has a consensus rating of “Buy” and an average target price of $151.93.
In other news, insider Thomas J. Lynch sold 130,616 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the completion of the sale, the insider now owns 429,499 shares in the company, valued at $35,807,331.63. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Thomas J. Lynch sold 130,617 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $93.34, for a total value of $12,191,790.78. Following the sale, the chairman now owns 266,953 shares of the company’s stock, valued at approximately $24,917,393.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 759,805 shares of company stock valued at $69,542,539. 1.30% of the stock is currently owned by corporate insiders.
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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.
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