TE Connectivity Ltd. (NYSE:TEL) SVP Sells $450,320.67 in Stock

TE Connectivity Ltd. (NYSE:TEL) SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the sale, the senior vice president now owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

TE Connectivity Price Performance

Shares of TEL stock opened at $145.40 on Friday. The company has a market cap of $44.19 billion, a P/E ratio of 13.30, a PEG ratio of 2.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.99. The stock’s 50-day moving average is $151.29 and its 200 day moving average is $145.78. TE Connectivity Ltd. has a 1-year low of $115.00 and a 1-year high of $159.98.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.01 billion. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company’s revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $1.77 EPS. Research analysts predict that TE Connectivity Ltd. will post 7.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their price target on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 25th. Jefferies Financial Group started coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price on the stock. Robert W. Baird boosted their price target on TE Connectivity from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a report on Wednesday, July 24th. Finally, Vertical Research initiated coverage on TE Connectivity in a report on Tuesday, July 23rd. They issued a “hold” rating and a $155.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $158.45.

Hedge Funds Weigh In On TE Connectivity

Large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. raised its stake in TE Connectivity by 2.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 65,166 shares of the electronics maker’s stock valued at $9,156,000 after buying an additional 1,685 shares during the last quarter. Fifth Third Bancorp raised its position in shares of TE Connectivity by 1.8% in the 4th quarter. Fifth Third Bancorp now owns 47,863 shares of the electronics maker’s stock valued at $6,725,000 after purchasing an additional 833 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new stake in TE Connectivity in the 4th quarter worth approximately $214,000. State of Michigan Retirement System grew its position in TE Connectivity by 1.0% during the 4th quarter. State of Michigan Retirement System now owns 98,523 shares of the electronics maker’s stock worth $13,842,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Howland Capital Management LLC increased its stake in TE Connectivity by 1.5% during the 4th quarter. Howland Capital Management LLC now owns 224,937 shares of the electronics maker’s stock valued at $31,604,000 after purchasing an additional 3,225 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

About TE Connectivity

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.