TE Connectivity Ltd. (NYSE:TEL) Insider Sells $10,198,062.00 in Stock

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the transaction, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Aaron Kyle Stucki also recently made the following trade(s):

• On Thursday, June 26th, Aaron Kyle Stucki sold 13,100 shares of TE Connectivity stock. The shares were sold at an average price of $170.00, for a total transaction of $2,227,000.00.
• On Monday, May 12th, Aaron Kyle Stucki sold 5,000 shares of TE Connectivity stock. The stock was sold at an average price of $160.00, for a total transaction of $800,000.00.

TE Connectivity Stock Performance

TEL traded up $1.04 during trading hours on Monday, hitting $209.10. 2,291,822 shares of the stock were exchanged, compared to its average volume of 1,857,642. The stock has a 50-day simple moving average of $169.73 and a 200-day simple moving average of $153.91. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $210.05. The stock has a market cap of $62.01 billion, a price-to-earnings ratio of 43.29, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

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

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity's payout ratio is 58.80%.

Institutional Investors Weigh In On TE Connectivity

Hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC bought a new stake in shares of TE Connectivity during the first quarter valued at about $28,000. Millstone Evans Group LLC bought a new stake in shares of TE Connectivity during the first quarter valued at about $32,000. Richardson Financial Services Inc. bought a new stake in shares of TE Connectivity during the second quarter valued at about $33,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of TE Connectivity during the first quarter valued at about $34,000. Finally, Ransom Advisory Ltd bought a new stake in shares of TE Connectivity during the first quarter valued at about $34,000. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial raised their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday. Robert W. Baird increased their price objective on shares of TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Thursday. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, HSBC raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $194.80.

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.