TE Connectivity Ltd. (NYSE:TEL) Director Thomas J. Lynch Sells 12,600 Shares of Stock

TE Connectivity Ltd. (NYSE:TELGet Rating) Director Thomas J. Lynch sold 12,600 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $126.86, for a total value of $1,598,436.00. Following the sale, the director now owns 11,750 shares of the company’s stock, valued at approximately $1,490,605. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of TEL stock opened at $124.82 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market cap of $40.21 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.27. The stock has a 50 day simple moving average of $128.00 and a 200 day simple moving average of $144.79. TE Connectivity Ltd. has a 1 year low of $120.22 and a 1 year high of $166.44.

TE Connectivity (NYSE:TELGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The electronics maker reported $1.81 EPS for the quarter, beating the consensus estimate of $1.70 by $0.11. TE Connectivity had a net margin of 16.14% and a return on equity of 22.10%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Analysts forecast that TE Connectivity Ltd. will post 7.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 17th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $2.24 annualized dividend and a yield of 1.79%. TE Connectivity’s dividend payout ratio is currently 26.42%.

A number of equities research analysts have recently issued reports on TEL shares. Morgan Stanley reduced their price objective on TE Connectivity from $167.00 to $151.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Truist Financial reduced their price objective on TE Connectivity from $144.00 to $130.00 and set a “hold” rating for the company in a report on Friday, April 8th. JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $170.00 to $176.00 in a report on Thursday, January 20th. Finally, StockNews.com upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $167.20.

A number of institutional investors and hedge funds have recently made changes to their positions in TEL. Norges Bank acquired a new position in TE Connectivity during the fourth quarter valued at approximately $972,351,000. Capital World Investors raised its position in TE Connectivity by 17.0% during the fourth quarter. Capital World Investors now owns 20,649,105 shares of the electronics maker’s stock valued at $3,331,527,000 after purchasing an additional 2,994,368 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in TE Connectivity during the first quarter valued at approximately $169,458,000. First Trust Advisors LP raised its position in TE Connectivity by 194.0% during the fourth quarter. First Trust Advisors LP now owns 1,769,483 shares of the electronics maker’s stock valued at $285,488,000 after purchasing an additional 1,167,642 shares in the last quarter. Finally, Marshall Wace LLP raised its position in TE Connectivity by 3,976.6% during the fourth quarter. Marshall Wace LLP now owns 989,238 shares of the electronics maker’s stock valued at $159,605,000 after purchasing an additional 964,972 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

About TE Connectivity (Get Rating)

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaÂ-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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