Joseph B. Donahue Sells 8,843 Shares of TE Connectivity Ltd. (TEL) Stock
TE Connectivity Ltd. (NYSE:TEL) COO Joseph B. Donahue sold 8,843 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $93.25, for a total transaction of $824,609.75. Following the sale, the chief operating officer now directly owns 44,480 shares of the company’s stock, valued at $4,147,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
TE Connectivity Ltd. (TEL) opened at $93.82 on Wednesday. TE Connectivity Ltd. has a 1 year low of $66.14 and a 1 year high of $93.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. The company has a market cap of $32,991.94, a P/E ratio of 19.33, a P/E/G ratio of 1.80 and a beta of 1.06.
TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company earned $1.22 EPS. TE Connectivity’s quarterly revenue was up 3.7% on a year-over-year basis. research analysts anticipate that TE Connectivity Ltd. will post 5.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.60 annualized dividend and a yield of 1.71%. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.
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Several research firms have commented on TEL. BidaskClub lowered shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Morgan Stanley reissued an “overweight” rating and set a $89.00 price target on shares of TE Connectivity in a research report on Wednesday, September 20th. Cowen and Company reissued a “buy” rating and set a $95.00 price target on shares of TE Connectivity in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of TE Connectivity from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, Royal Bank Of Canada decreased their price target on shares of TE Connectivity from GBX 300 ($3.95) to GBX 225 ($2.96) and set an “outperform” rating for the company in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $150.00.
Large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its holdings in TE Connectivity by 4.6% in the 2nd quarter. Prudential Financial Inc. now owns 511,865 shares of the electronics maker’s stock worth $40,273,000 after buying an additional 22,478 shares during the period. Calamos Advisors LLC increased its holdings in TE Connectivity by 2.7% in the 2nd quarter. Calamos Advisors LLC now owns 57,157 shares of the electronics maker’s stock worth $4,497,000 after buying an additional 1,512 shares during the period. Swiss National Bank increased its holdings in TE Connectivity by 3.0% in the 2nd quarter. Swiss National Bank now owns 1,297,509 shares of the electronics maker’s stock worth $102,088,000 after buying an additional 38,400 shares during the period. Vanguard Group Inc. increased its holdings in TE Connectivity by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock worth $1,834,196,000 after buying an additional 521,884 shares during the period. Finally, Atlantic Trust Group LLC increased its holdings in TE Connectivity by 5.0% in the 2nd quarter. Atlantic Trust Group LLC now owns 177,785 shares of the electronics maker’s stock worth $13,989,000 after buying an additional 8,438 shares during the period. Institutional investors own 90.07% of the company’s stock.
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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