TE Connectivity Ltd (NYSE:TEL) insider Steven T. Merkt sold 10,000 shares of TE Connectivity stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $94.46, for a total value of $944,600.00. Following the completion of the sale, the insider now owns 36,608 shares of the company’s stock, valued at $3,457,991.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of TE Connectivity stock opened at $93.30 on Friday. The company has a market capitalization of $31.18 billion, a PE ratio of 19.85, a P/E/G ratio of 1.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.64. The company has a 50-day simple moving average of $96.52 and a two-hundred day simple moving average of $93.29. TE Connectivity Ltd has a one year low of $79.98 and a one year high of $101.00.
TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 29th. The electronics maker reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.07. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.12 billion. TE Connectivity had a net margin of 12.01% and a return on equity of 17.72%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 earnings per share. On average, equities analysts predict that TE Connectivity Ltd will post 5.19 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Usca Ria LLC bought a new position in TE Connectivity in the third quarter worth about $27,000. Fusion Family Wealth LLC increased its holdings in shares of TE Connectivity by 166.4% during the third quarter. Fusion Family Wealth LLC now owns 293 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 183 shares in the last quarter. Kistler Tiffany Companies LLC increased its holdings in shares of TE Connectivity by 100.0% during the fourth quarter. Kistler Tiffany Companies LLC now owns 322 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 161 shares in the last quarter. Advisory Alpha LLC increased its holdings in shares of TE Connectivity by 259.3% during the fourth quarter. Advisory Alpha LLC now owns 388 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 280 shares in the last quarter. Finally, Bourgeon Capital Management LLC acquired a new position in shares of TE Connectivity during the third quarter valued at about $39,000. Institutional investors and hedge funds own 90.97% of the company’s stock.
Several analysts recently weighed in on the company. SunTrust Banks restated a “hold” rating and issued a $102.00 price objective on shares of TE Connectivity in a report on Thursday, January 30th. They noted that the move was a valuation call. Wells Fargo & Co upgraded TE Connectivity from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $100.00 to $112.00 in a report on Tuesday, January 14th. ValuEngine upgraded TE Connectivity from a “sell” rating to a “hold” rating in a report on Friday, December 27th. JPMorgan Chase & Co. upgraded TE Connectivity from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $98.00 to $117.00 in a report on Tuesday, January 21st. Finally, Zacks Investment Research downgraded TE Connectivity from a “hold” rating to a “sell” rating and set a $97.00 price objective for the company. in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $101.79.
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
Further Reading: Are sell-side analysts objective?
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