TE Connectivity Ltd. (NYSE:TEL - Get Free Report) insider Shadrak Kroeger sold 9,400 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at $5,780,179.52. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
TE Connectivity Stock Performance
NYSE:TEL opened at $204.52 on Wednesday. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The firm has a 50 day simple moving average of $229.70 and a 200-day simple moving average of $225.91. The firm has a market cap of $60.01 billion, a PE ratio of 29.51, a P/E/G ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.
TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $4.52 billion. During the same period in the previous year, the company earned $1.95 EPS. TE Connectivity's revenue for the quarter was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.
TE Connectivity Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.4%. TE Connectivity's dividend payout ratio is 40.98%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on TEL shares. Oppenheimer upped their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Barclays boosted their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the company an "overweight" rating in a report on Friday, January 23rd. Wells Fargo & Company increased their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 22nd. Weiss Ratings raised shares of TE Connectivity from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, February 6th. Finally, UBS Group increased their target price on TE Connectivity from $280.00 to $283.00 and gave the stock a "buy" rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.93.
View Our Latest Analysis on TEL
Hedge Funds Weigh In On TE Connectivity
A number of hedge funds have recently made changes to their positions in TEL. HHM Wealth Advisors LLC boosted its position in TE Connectivity by 11.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker's stock worth $89,000 after purchasing an additional 43 shares during the period. Gulf International Bank UK Ltd lifted its stake in shares of TE Connectivity by 0.3% during the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker's stock worth $3,412,000 after purchasing an additional 44 shares in the last quarter. MCF Advisors LLC boosted its position in shares of TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker's stock worth $83,000 after buying an additional 45 shares during the period. Webster Bank N. A. grew its stake in shares of TE Connectivity by 19.1% in the fourth quarter. Webster Bank N. A. now owns 287 shares of the electronics maker's stock valued at $65,000 after buying an additional 46 shares in the last quarter. Finally, CYBER HORNET ETFs LLC raised its holdings in shares of TE Connectivity by 5.6% during the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker's stock valued at $202,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.
About TE Connectivity
(
Get Free Report)
TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.
The company's products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.
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