TE Connectivity Ltd. (NYSE:TEL – Get Rating) EVP John S. Jenkins sold 2,674 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $125.85, for a total value of $336,522.90. Following the transaction, the executive vice president now owns 16,782 shares in the company, valued at $2,112,014.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
TE Connectivity Trading Down 1.3 %
Shares of NYSE TEL opened at $124.69 on Tuesday. The business’s 50 day moving average is $117.69 and its two-hundred day moving average is $122.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.57 and a quick ratio of 0.99. TE Connectivity Ltd. has a 1-year low of $104.76 and a 1-year high of $166.37. The stock has a market capitalization of $39.56 billion, a P/E ratio of 16.69, a PEG ratio of 2.53 and a beta of 1.31.
TE Connectivity (NYSE:TEL – Get Rating) last released its earnings results on Wednesday, November 2nd. The electronics maker reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.22 billion. TE Connectivity had a return on equity of 22.31% and a net margin of 14.91%. As a group, research analysts expect that TE Connectivity Ltd. will post 6.96 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on TEL shares. Royal Bank of Canada dropped their price objective on TE Connectivity from $147.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Bank of America lowered their target price on TE Connectivity from $146.00 to $140.00 in a research note on Wednesday, November 2nd. JPMorgan Chase & Co. lowered their price objective on TE Connectivity from $145.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, November 3rd. Finally, StockNews.com lowered TE Connectivity from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $136.63.
About TE Connectivity
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
- Get a free copy of the StockNews.com research report on TE Connectivity (TEL)
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