TE Connectivity Ltd. (NYSE:TEL) Director Mark Trudeau Sells 7,044 Shares

TE Connectivity Ltd. (NYSE:TEL) Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total transaction of $996,655.56. Following the sale, the director now owns 5,917 shares in the company, valued at approximately $837,196.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TE Connectivity Trading Up 1.8 %

NYSE:TEL traded up $2.59 on Monday, hitting $142.80. 1,695,099 shares of the stock were exchanged, compared to its average volume of 2,213,339. The stock has a market capitalization of $44.38 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 2.06 and a beta of 1.39. TE Connectivity Ltd. has a 52 week low of $115.00 and a 52 week high of $147.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The company’s 50-day moving average price is $142.55 and its 200 day moving average price is $136.33.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 7.55 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 21.59%.

Hedge Funds Weigh In On TE Connectivity

A number of large investors have recently bought and sold shares of TEL. Norges Bank bought a new stake in shares of TE Connectivity during the 4th quarter worth approximately $693,985,000. Qube Research & Technologies Ltd bought a new stake in shares of TE Connectivity during the 3rd quarter worth approximately $165,640,000. First Trust Advisors LP raised its stake in shares of TE Connectivity by 150.9% during the 4th quarter. First Trust Advisors LP now owns 2,143,423 shares of the electronics maker’s stock worth $301,151,000 after purchasing an additional 1,289,230 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of TE Connectivity by 1,000.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,335,477 shares of the electronics maker’s stock worth $193,965,000 after purchasing an additional 1,214,122 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of TE Connectivity by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 3,630,003 shares of the electronics maker’s stock worth $510,015,000 after purchasing an additional 403,750 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of TE Connectivity in a research note on Monday, April 22nd. They set a “buy” rating on the stock. Robert W. Baird cut their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup initiated coverage on TE Connectivity in a report on Friday, January 5th. They set a “neutral” rating and a $146.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Stifel Nicolaus lifted their price objective on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.50.

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.