Insider Selling: TE Connectivity Ltd. (NYSE:TEL) Insider Sells $749,300.00 in Stock

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total transaction of $749,300.00. Following the transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TE Connectivity Stock Down 0.4 %

NYSE TEL opened at $149.33 on Friday. The business’s fifty day simple moving average is $145.75 and its 200-day simple moving average is $141.09. 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 cap of $45.73 billion, a PE ratio of 13.66, a P/E/G ratio of 2.19 and a beta of 1.35. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $152.79.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping 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 company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. TE Connectivity’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 7.5 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed 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 of this dividend is Friday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.74%. TE Connectivity’s payout ratio is 23.79%.

Institutional Investors Weigh In On TE Connectivity

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC increased its position 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 last quarter. Salem Investment Counselors Inc. increased its position in shares of TE Connectivity by 112.4% during the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 190 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of TE Connectivity in the 4th quarter worth approximately $30,000. Finally, Godsey & Gibb Inc. boosted its position in shares of TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

TEL has been the topic of a number of research reports. StockNews.com began coverage on shares of TE Connectivity in a research note on Saturday, June 1st. They issued a “buy” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. Jefferies Financial Group began coverage on TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price target for the company. Robert W. Baird decreased their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.89.

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.