Shadrak W. Kroeger Sells 25,000 Shares of TE Connectivity Ltd. (NYSE:TEL) Stock

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak W. Kroeger sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

TE Connectivity Stock Performance

NYSE:TEL opened at $147.24 on Friday. The stock’s 50-day moving average is $148.18 and its 200-day moving average is $148.77. TE Connectivity Ltd. has a 1-year low of $137.61 and a 1-year high of $159.98. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The stock has a market cap of $43.93 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 EPS. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

Analyst Ratings Changes

TEL has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, January 23rd. Bank of America boosted their price target on TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Truist Financial decreased their target price on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Finally, StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $167.00.

Institutional Trading of TE Connectivity

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $602,000. Azzad Asset Management Inc. ADV lifted its stake in shares of TE Connectivity by 2.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 18,891 shares of the electronics maker’s stock worth $2,701,000 after acquiring an additional 469 shares during the period. Jefferies Financial Group Inc. boosted its holdings in TE Connectivity by 2,334.5% in the fourth quarter. Jefferies Financial Group Inc. now owns 32,500 shares of the electronics maker’s stock valued at $4,647,000 after acquiring an additional 31,165 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in TE Connectivity by 2.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,732 shares of the electronics maker’s stock valued at $1,820,000 after purchasing an additional 274 shares during the period. Finally, Integrated Advisors Network LLC raised its holdings in TE Connectivity by 2.4% during the 4th quarter. Integrated Advisors Network LLC now owns 4,368 shares of the electronics maker’s stock worth $624,000 after purchasing an additional 101 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

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.