TE Connectivity Ltd. (NYSE:TEL) EVP John S. Jenkins Sells 2,674 Shares of Stock

TE Connectivity Ltd. (NYSE:TELGet 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:TELGet 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

Hedge funds have recently modified their holdings of the business. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of TE Connectivity by 135.6% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 238 shares of the electronics maker’s stock valued at $27,000 after buying an additional 137 shares during the last quarter. TD Capital Management LLC bought a new position in TE Connectivity in the third quarter worth approximately $27,000. Tcwp LLC bought a new position in TE Connectivity in the first quarter worth approximately $30,000. Selective Wealth Management Inc. grew its stake in TE Connectivity by 2,580.0% in the second quarter. Selective Wealth Management Inc. now owns 268 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 258 shares in the last quarter. Finally, Trustcore Financial Services LLC grew its stake in TE Connectivity by 107.7% in the third quarter. Trustcore Financial Services LLC now owns 270 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 90.61% of the company’s stock.

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

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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.

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Insider Buying and Selling by Quarter for TE Connectivity (NYSE:TEL)

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