TE Connectivity Ltd. (NYSE:TEL) SVP Sells $403,004.00 in Stock

Key Points

• Malavika Sagar, Senior Vice President at TE Connectivity, sold 1,945 shares at an average price of $207.20, amounting to a total of $403,004, reducing her ownership stake by 29.20%.
• The company reported $2.27 earnings per share for the last quarter, surpassing analysts' expectations of $2.08, with a year-over-year revenue increase of 13.9%.
• TE Connectivity has announced a quarterly dividend of $0.71, leading to an annualized dividend yield of 1.36% with a payout ratio of 58.80%.

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) SVP Malavika Sagar sold 1,945 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the transaction, the senior vice president directly owned 4,716 shares of the company's stock, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Malavika Sagar also recently made the following trade(s):

• On Monday, May 12th, Malavika Sagar sold 3,125 shares of TE Connectivity stock. The stock was sold at an average price of $160.00, for a total transaction of $500,000.00.

TE Connectivity Trading Down 2.3%

NYSE:TEL traded down $4.68 during trading hours on Friday, reaching $201.07. 685,779 shares of the company were exchanged, compared to its average volume of 1,852,688. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The firm has a market cap of $59.41 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 2.47 and a beta of 1.23. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $212.76. The stock has a 50 day simple moving average of $173.44 and a 200 day simple moving average of $155.56.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. TE Connectivity's revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 earnings per share. As a group, analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.4%. TE Connectivity's dividend payout ratio (DPR) is 58.80%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of TE Connectivity from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Truist Financial upped their target price on shares of TE Connectivity from $156.00 to $200.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. HSBC upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Thursday, April 24th. Bank of America upped their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company upped their target price on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, TE Connectivity presently has a consensus rating of "Moderate Buy" and an average price target of $194.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TEL. Vanguard Group Inc. increased its stake in TE Connectivity by 17.0% during the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock worth $5,353,401,000 after buying an additional 5,502,415 shares during the period. Dodge & Cox increased its stake in TE Connectivity by 0.4% during the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after buying an additional 56,871 shares during the period. Wellington Management Group LLP boosted its stake in shares of TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after buying an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after buying an additional 960,276 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of TE Connectivity by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 6,015,210 shares of the electronics maker's stock valued at $857,499,000 after buying an additional 33,340 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

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.