TE Connectivity Ltd. (TEL) EVP Robert N. Shaddock Sells 25,000 Shares of Stock
TE Connectivity Ltd. (NYSE:TEL) EVP Robert N. Shaddock sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $67.11, for a total value of $1,677,750.00. Following the completion of the transaction, the executive vice president now owns 40,593 shares of the company’s stock, valued at $2,724,196.23. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of TE Connectivity Ltd. (NYSE:TEL) traded up 0.082% on Thursday, hitting $66.875. The stock had a trading volume of 402,815 shares. The company has a market cap of $23.76 billion, a P/E ratio of 12.284 and a beta of 1.20. The company has a 50-day moving average of $63.57 and a 200-day moving average of $61.20. TE Connectivity Ltd. has a 52-week low of $51.70 and a 52-week high of $67.99.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.27 earnings per share for the quarter, beating the Zacks’ 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 had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period last year, the business earned $0.90 EPS. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that TE Connectivity Ltd. will post $4.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 25th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.21%. TE Connectivity’s payout ratio is 27.01%.
Several large investors have recently made changes to their positions in the stock. Virtus Investment Advisers Inc. purchased a new stake in shares of TE Connectivity during the third quarter worth $105,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of TE Connectivity by 106.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,274 shares of the company’s stock valued at $130,000 after buying an additional 1,174 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of TE Connectivity by 97.0% in the third quarter. Global X Management Co. LLC now owns 2,098 shares of the company’s stock valued at $135,000 after buying an additional 1,033 shares in the last quarter. Financial Architects Inc raised its stake in shares of TE Connectivity by 41.9% in the second quarter. Financial Architects Inc now owns 2,416 shares of the company’s stock valued at $138,000 after buying an additional 713 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of TE Connectivity by 0.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,594 shares of the company’s stock valued at $148,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.
TEL has been the subject of a number of recent research reports. RBC Capital Markets reissued an “outperform” rating and issued a $65.00 target price (up previously from $63.00) on shares of TE Connectivity in a research note on Thursday, July 21st. Zacks Investment Research lowered TE Connectivity from a “hold” rating to a “sell” rating in a research note on Monday, September 26th. Morgan Stanley reissued a “buy” rating on shares of TE Connectivity in a research note on Tuesday, September 20th. Finally, Royal Bank Of Canada boosted their target price on TE Connectivity from $65.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $65.67.
About TE Connectivity
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.
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