TE Connectivity Ltd. (NYSE:TEL) insider Steven T. Merkt sold 10,000 shares of TE Connectivity stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $66.64, for a total value of $666,400.00. Following the completion of the transaction, the insider now owns 14,717 shares in the company, valued at approximately $980,740.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of TE Connectivity Ltd. (NYSE:TEL) opened at 66.74 on Tuesday. The stock has a market capitalization of $23.71 billion, a PE ratio of 12.26 and a beta of 1.20. TE Connectivity Ltd. has a 12 month low of $51.70 and a 12 month high of $67.99. The company’s 50 day moving average price is $63.33 and its 200 day moving average price is $61.05.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, November 2nd. The company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.07. TE Connectivity had a net margin of 16.42% and a return on equity of 18.39%. The business earned $3.30 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter last year, the company earned $0.90 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate that TE Connectivity Ltd. will post $4.36 earnings per share for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. boosted its stake in TE Connectivity by 14.8% in the third quarter. Panagora Asset Management Inc. now owns 16,802 shares of the company’s stock valued at $1,082,000 after buying an additional 2,161 shares during the last quarter. Clinton Group Inc. bought a new stake in TE Connectivity during the third quarter valued at $1,354,000. The Manufacturers Life Insurance Company bought a new stake in TE Connectivity during the third quarter valued at $42,420,000. Virtus Investment Advisers Inc. bought a new stake in TE Connectivity during the third quarter valued at $105,000. Finally, United Services Automobile Association boosted its stake in TE Connectivity by 0.3% in the third quarter. United Services Automobile Association now owns 112,904 shares of the company’s stock valued at $7,269,000 after buying an additional 318 shares during the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.

Several equities research analysts have weighed in on the company. RBC Capital Markets reissued an “outperform” rating and issued a $66.00 price target (up previously from $65.00) on shares of TE Connectivity in a report on Thursday, November 3rd. Royal Bank Of Canada raised their price target on TE Connectivity from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. Zacks Investment Research downgraded TE Connectivity from a “hold” rating to a “sell” rating in a report on Monday, October 31st. Finally, Morgan Stanley reissued a “buy” rating on shares of TE Connectivity in a report on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. TE Connectivity currently has a consensus rating of “Hold” and an average price target of $65.67.

TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company, which designs and manufactures connectivity and sensors solutions. The Company operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Company’s segments manufacture and distribute its products and solutions to a range of end markets.

5 Day Chart for NYSE:TEL

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