TE Connectivity Ltd. (TEL) SVP Sells $796,432.53 in Stock
TE Connectivity Ltd. (NYSE:TEL) SVP Mario Calastri sold 8,539 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $93.27, for a total transaction of $796,432.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of TE Connectivity Ltd. (NYSE:TEL) traded up $0.24 during mid-day trading on Tuesday, hitting $92.97. 1,343,572 shares of the stock were exchanged, compared to its average volume of 1,160,000. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.54. The company has a market capitalization of $32,750.00, a price-to-earnings ratio of 19.20, a PEG ratio of 1.79 and a beta of 1.06. TE Connectivity Ltd. has a twelve month low of $63.32 and a twelve month high of $93.68.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.09. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 earnings per share. equities analysts predict that TE Connectivity Ltd. will post 5.27 EPS for the current year.
Several hedge funds have recently made changes to their positions in TEL. First Eagle Investment Management LLC lifted its position in shares of TE Connectivity by 112,210.6% in the second quarter. First Eagle Investment Management LLC now owns 1,684,659 shares of the electronics maker’s stock worth $132,549,000 after purchasing an additional 1,683,159 shares in the last quarter. PNC Financial Services Group Inc. raised its position in TE Connectivity by 499.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,386,610 shares of the electronics maker’s stock worth $109,098,000 after acquiring an additional 1,155,316 shares in the last quarter. Boston Partners raised its position in TE Connectivity by 8.1% during the third quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock worth $1,032,298,000 after acquiring an additional 934,796 shares in the last quarter. Koch Industries Inc. bought a new stake in TE Connectivity during the second quarter worth $523,000. Finally, Vanguard Group Inc. raised its position in TE Connectivity by 2.3% during the second quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock worth $1,834,196,000 after acquiring an additional 521,884 shares in the last quarter. 90.12% of the stock is currently owned by institutional investors and hedge funds.
TEL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a report on Monday, September 18th. BidaskClub cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Cowen and Company reiterated a “buy” rating and issued a $95.00 price target on shares of TE Connectivity in a report on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price target on shares of TE Connectivity in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of TE Connectivity in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $93.50.
About TE Connectivity
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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