TE Connectivity (TEL) Getting Somewhat Favorable Media Coverage, Analysis Shows
Media stories about TE Connectivity (NYSE:TEL) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TE Connectivity earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 46.7949973296355 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- TE Connectivity Ltd. (TEL) share Price trades 6.22% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Needle Action Activity Spotted in Gardner Denver Inc. (GDI) and TE Connectivity Ltd (TEL) – Evergreen Caller (evergreencaller.com)
- Bearish Signals Shown in TE Connectivity Ltd (TEL) Charts – Evergreen Caller (evergreencaller.com)
- Watching Historical Performance for TE Connectivity Ltd. (NYSE:TEL) – Jonesboro Recorder (jonesbororecorder.com)
- Artisan Partners Limited Partnership Sold A Little More TE Connectivity Ltd. New Switze (TEL) Stock – Modern Readers (modernreaders.com)
Shares of TE Connectivity (NYSE TEL) traded down 0.99% during mid-day trading on Tuesday, reaching $78.89. 1,028,184 shares of the company’s stock traded hands. The firm has a market cap of $27.88 billion, a price-to-earnings ratio of 16.75 and a beta of 1.06. The company’s 50 day moving average is $80.26 and its 200-day moving average is $76.90. TE Connectivity has a 52 week low of $60.38 and a 52 week high of $85.20.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts expect that TE Connectivity will post $4.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, August 23rd. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.
TEL has been the topic of several research reports. Zacks Investment Research cut TE Connectivity from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Morgan Stanley upped their price target on TE Connectivity from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, April 28th. Deutsche Bank AG upped their price target on TE Connectivity from $75.00 to $82.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $86.00 price target on shares of TE Connectivity in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $83.43.
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In related news, COO Joseph B. Donahue sold 6,300 shares of TE Connectivity stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $80.70, for a total transaction of $508,410.00. Following the completion of the sale, the chief operating officer now owns 34,609 shares of the company’s stock, valued at approximately $2,792,946.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joseph B. Donahue sold 52,575 shares of TE Connectivity stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $80.03, for a total transaction of $4,207,577.25. Following the sale, the chief operating officer now directly owns 93,484 shares of the company’s stock, valued at approximately $7,481,524.52. The disclosure for this sale can be found here. In the last three months, insiders sold 726,407 shares of company stock valued at $57,751,239. Insiders own 1.49% of the company’s stock.
TE Connectivity Company Profile
TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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