Aaron Kyle Stucki Sells 8,750 Shares of TE Connectivity Ltd. (NYSE:TEL) Stock

TE Connectivity Ltd. (NYSE:TEL) insider Aaron Kyle Stucki sold 8,750 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the transaction, the insider now owns 20,556 shares of the company’s stock, valued at approximately $3,186,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TE Connectivity Trading Up 0.8 %

TEL traded up $1.25 during trading on Thursday, reaching $154.76. 1,601,297 shares of the company’s stock were exchanged, compared to its average volume of 1,943,905. The company’s fifty day moving average price is $149.08 and its 200-day moving average price is $143.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. TE Connectivity Ltd. has a fifty-two week low of $115.00 and a fifty-two week high of $155.10. The firm has a market capitalization of $47.39 billion, a PE ratio of 14.14, a P/E/G ratio of 2.22 and a beta of 1.33.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. As a group, equities analysts forecast that TE Connectivity Ltd. will post 7.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TEL shares. JPMorgan Chase & Co. cut their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. StockNews.com started coverage on shares of TE Connectivity in a research note on Thursday. They issued a “buy” rating for the company. Wells Fargo & Company cut their target price on shares of TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Finally, Robert W. Baird lowered their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.13.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors and hedge funds have recently made changes to their positions in TEL. JPMorgan Chase & Co. grew its holdings in shares of TE Connectivity by 61.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 957,084 shares of the electronics maker’s stock valued at $118,229,000 after buying an additional 364,377 shares during the period. GSA Capital Partners LLP acquired a new position in shares of TE Connectivity in the 3rd quarter valued at $768,000. Integrated Advisors Network LLC grew its holdings in shares of TE Connectivity by 72.7% in the 3rd quarter. Integrated Advisors Network LLC now owns 3,034 shares of the electronics maker’s stock valued at $375,000 after buying an additional 1,277 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of TE Connectivity by 16.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 9,665 shares of the electronics maker’s stock valued at $1,194,000 after buying an additional 1,365 shares during the period. Finally, Citigroup Inc. lifted its position in TE Connectivity by 52.6% in the 3rd quarter. Citigroup Inc. now owns 418,506 shares of the electronics maker’s stock valued at $51,698,000 after acquiring an additional 144,174 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

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.