Eric Resch Sells 48,950 Shares of TE Connectivity Ltd. (TEL) Stock
TE Connectivity Ltd. (NYSE:TEL) SVP Eric Resch sold 48,950 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $93.75, for a total value of $4,589,062.50. Following the completion of the sale, the senior vice president now owns 78,129 shares in the company, valued at $7,324,593.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TE Connectivity Ltd. (TEL) traded up $2.38 during trading hours on Friday, reaching $95.15. The company’s stock had a trading volume of 1,891,200 shares, compared to its average volume of 1,417,855. The firm has a market capitalization of $33,410.00, a price-to-earnings ratio of 19.21, a PEG ratio of 1.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. TE Connectivity Ltd. has a 12 month low of $66.14 and a 12 month high of $95.36.
TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. research analysts predict that TE Connectivity Ltd. will post 5.27 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.68%. TE Connectivity’s dividend payout ratio (DPR) is currently 34.19%.
COPYRIGHT VIOLATION WARNING: “Eric Resch Sells 48,950 Shares of TE Connectivity Ltd. (TEL) Stock” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/17/eric-resch-sells-48950-shares-of-te-connectivity-ltd-tel-stock.html.
TEL has been the topic of several recent research reports. SunTrust Banks, Inc. upped their price objective on TE Connectivity to $90.00 and gave the company a “hold” rating in a research report on Thursday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Monday, September 4th. Stifel Nicolaus restated a “buy” rating and issued a $87.00 price objective on shares of TE Connectivity in a research report on Tuesday, October 17th. Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price objective (up from $90.00) on shares of TE Connectivity in a research report on Monday, October 30th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $89.00 target price on shares of TE Connectivity in a research report on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $150.00.
Several hedge funds have recently bought and sold shares of TEL. Duncker Streett & Co. Inc. grew its stake in shares of TE Connectivity by 17.8% in the second quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock valued at $104,000 after buying an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of TE Connectivity by 38.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock valued at $109,000 after buying an additional 384 shares in the last quarter. AllSquare Wealth Management LLC purchased a new position in TE Connectivity in the third quarter valued at about $113,000. Acrospire Investment Management LLC purchased a new position in TE Connectivity in the second quarter valued at about $126,000. Finally, Harfst & Associates Inc. boosted its holdings in TE Connectivity by 46.2% in the second quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock valued at $135,000 after purchasing an additional 544 shares during the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.
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.
Receive News & Stock Ratings for TE Connectivity Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity Ltd. and related stocks with our FREE daily email newsletter.