TE Connectivity Ltd. (NYSE:TEL - Get Free Report) announced a quarterly dividend on Wednesday, June 11th, RTT News reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.71 per share by the electronics maker on Friday, September 12th. This represents a $2.84 annualized dividend and a dividend yield of 1.72%.
TE Connectivity has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TE Connectivity to earn $8.91 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 31.9%.
TE Connectivity Stock Down 0.3%
TE Connectivity stock traded down $0.56 during trading hours on Thursday, hitting $165.19. The stock had a trading volume of 102,655 shares, compared to its average volume of 1,711,376. The stock's 50-day moving average price is $148.66 and its 200-day moving average price is $147.93. TE Connectivity has a 12-month low of $116.30 and a 12-month high of $167.94. The stock has a market capitalization of $48.99 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.97 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. Equities research analysts anticipate that TE Connectivity will post 8.05 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on TEL. Robert W. Baird upped their target price on shares of TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Truist Financial reduced their target price on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. UBS Group increased their target price on shares of TE Connectivity from $163.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $146.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $162.50.
Check Out Our Latest Analysis on TE Connectivity
Insiders Place Their Bets
In related news, insider Aaron Kyle Stucki sold 5,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $800,000.00. Following the completion of the sale, the insider now directly owns 23,646 shares in the company, valued at approximately $3,783,360. This trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Malavika Sagar sold 3,125 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $160.00, for a total transaction of $500,000.00. Following the transaction, the senior vice president now directly owns 5,927 shares of the company's stock, valued at approximately $948,320. This trade represents a 34.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 174,675 shares of company stock worth $27,369,059. Company insiders own 0.90% of the company's stock.
Institutional Trading of TE Connectivity
A hedge fund recently bought a new stake in TE Connectivity stock. Brighton Jones LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,736 shares of the electronics maker's stock, valued at approximately $820,000. Institutional investors and hedge funds own 91.43% of the company's stock.
About TE Connectivity
(
Get Free Report)
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.
Featured Articles
Before you consider TE Connectivity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TE Connectivity wasn't on the list.
While TE Connectivity currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
