TE Connectivity Ltd. (NYSE:TEL) Director Mark Trudeau Sells 7,044 Shares

TE Connectivity Ltd. (NYSE:TEL) Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the transaction, the director now owns 5,917 shares of the company’s stock, valued at $837,196.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TE Connectivity Price Performance

TEL stock opened at $142.80 on Tuesday. The company has a fifty day simple moving average of $142.56 and a two-hundred day simple moving average of $136.46. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $147.98. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $44.38 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 2.06 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts anticipate that TE Connectivity Ltd. will post 7.55 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.65 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a yield of 1.82%. TE Connectivity’s dividend payout ratio is presently 21.59%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC boosted its stake in shares of TE Connectivity by 97.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 91 shares during the period. Salem Investment Counselors Inc. lifted its stake in TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of TE Connectivity during the fourth quarter valued at approximately $30,000. Godsey & Gibb Inc. grew its stake in shares of TE Connectivity by 103.6% during the first quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after buying an additional 114 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth approximately $33,000. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TEL shares. StockNews.com initiated coverage on TE Connectivity in a research note on Tuesday. They issued a “buy” rating for the company. Jefferies Financial Group began coverage on TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price on the stock. Truist Financial upped their price target on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Stifel Nicolaus lifted their price objective on shares of TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Finally, Citigroup initiated coverage on shares of TE Connectivity in a research report on Friday, January 5th. They set a “neutral” rating and a $146.00 target price for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.50.

TE Connectivity Company Profile

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