TE Connectivity Ltd (NYSE:TEL) insider Terrence R. Curtin sold 142,450 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $104.24, for a total value of $14,848,988.00. Following the transaction, the insider now owns 200,258 shares of the company’s stock, valued at approximately $20,874,893.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
TE Connectivity Ltd (NYSE:TEL) opened at $99.74 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 1.03. TE Connectivity Ltd has a 52 week low of $71.93 and a 52 week high of $108.23. The company has a market capitalization of $35,070.00, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.65 and a beta of 1.11.
TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.15. TE Connectivity had a return on equity of 19.49% and a net margin of 9.12%. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. equities research analysts forecast that TE Connectivity Ltd will post 5.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.60%. TE Connectivity’s dividend payout ratio (DPR) is presently 46.51%.
TE Connectivity announced that its board has initiated a stock repurchase program on Friday, December 8th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the electronics maker to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its stake in TE Connectivity by 0.8% during the 2nd quarter. Moors & Cabot Inc. now owns 2,813 shares of the electronics maker’s stock valued at $222,000 after purchasing an additional 21 shares during the period. Veritable L.P. boosted its stake in TE Connectivity by 1.1% during the 2nd quarter. Veritable L.P. now owns 8,027 shares of the electronics maker’s stock valued at $632,000 after purchasing an additional 87 shares during the period. Thrivent Financial For Lutherans boosted its stake in TE Connectivity by 2.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,520 shares of the electronics maker’s stock valued at $1,064,000 after purchasing an additional 310 shares during the period. Quadrant Capital Group LLC boosted its stake in TE Connectivity by 9.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,575 shares of the electronics maker’s stock valued at $356,000 after purchasing an additional 380 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in TE Connectivity by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 9,550 shares of the electronics maker’s stock valued at $908,000 after purchasing an additional 516 shares during the period. Institutional investors own 89.58% of the company’s stock.
A number of brokerages have issued reports on TEL. SunTrust Banks restated a “hold” rating and issued a $102.00 price objective on shares of TE Connectivity in a report on Thursday, January 25th. Zacks Investment Research lowered TE Connectivity from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised TE Connectivity from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $116.00 target price on shares of TE Connectivity in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus boosted their target price on TE Connectivity from $98.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $137.09.
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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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