Insider Selling: TE Connectivity Ltd. (NYSE:TEL) EVP Sells 30,000 Shares of Stock

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) EVP John S. Jenkins sold 30,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the sale, the executive vice president now directly owns 24,625 shares of the company's stock, valued at approximately $3,678,728.75. This trade represents a 54.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TE Connectivity Stock Up 2.5 %

TE Connectivity stock traded up $3.73 during midday trading on Thursday, reaching $153.42. The stock had a trading volume of 432,567 shares, compared to its average volume of 1,677,041. The stock has a market capitalization of $45.50 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $159.98. The firm's fifty day simple moving average is $140.48 and its 200-day simple moving average is $146.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 EPS for the quarter, beating the consensus estimate of $1.96 by $0.14. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's payout ratio is currently 62.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its holdings in shares of TE Connectivity by 1.4% during the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock worth $703,000 after purchasing an additional 68 shares during the period. Vista Investment Management grew its holdings in shares of TE Connectivity by 0.5% during the 4th quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock worth $1,891,000 after purchasing an additional 70 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of TE Connectivity by 2.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock worth $534,000 after purchasing an additional 75 shares during the period. Modera Wealth Management LLC raised its stake in TE Connectivity by 2.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock valued at $409,000 after purchasing an additional 78 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in TE Connectivity by 4.3% during the first quarter. Wedmont Private Capital now owns 1,944 shares of the electronics maker's stock worth $275,000 after buying an additional 80 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group restated a "buy" rating and issued a $163.00 price target (up from $155.00) on shares of TE Connectivity in a research report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $130.00 to $148.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. The Goldman Sachs Group lowered their target price on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Robert W. Baird upped their price target on shares of TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, StockNews.com lowered shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, TE Connectivity presently has an average rating of "Moderate Buy" and an average price target of $159.50.

About TE Connectivity

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.