Insider Selling: TE Connectivity Ltd. (NYSE:TEL) Insider Sells 25,000 Shares of Stock

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the sale, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TE Connectivity Stock Up 2.0 %

Shares of NYSE TEL traded up $2.91 on Wednesday, reaching $150.95. 1,289,305 shares of the company’s stock traded hands, compared to its average volume of 1,643,778. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $148.06 and its two-hundred day simple moving average is $148.77. TE Connectivity Ltd. has a 12 month low of $137.61 and a 12 month high of $159.98. The company has a market cap of $45.03 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

Institutional Trading of TE Connectivity

Several institutional investors have recently bought and sold shares of TEL. Farther Finance Advisors LLC grew its holdings in shares of TE Connectivity by 20.9% during the third quarter. Farther Finance Advisors LLC now owns 1,611 shares of the electronics maker’s stock valued at $243,000 after buying an additional 278 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in TE Connectivity by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 221,089 shares of the electronics maker’s stock valued at $33,382,000 after purchasing an additional 6,666 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of TE Connectivity by 17.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 148,550 shares of the electronics maker’s stock worth $22,430,000 after purchasing an additional 21,569 shares in the last quarter. Vestor Capital LLC purchased a new position in shares of TE Connectivity in the third quarter worth $66,000. Finally, National Pension Service lifted its holdings in shares of TE Connectivity by 12.3% during the third quarter. National Pension Service now owns 773,489 shares of the electronics maker’s stock valued at $116,789,000 after purchasing an additional 84,794 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TEL shares. Wells Fargo & Company lifted their price objective on TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Bank of America upped their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. StockNews.com lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Citigroup boosted their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res upgraded shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Hold” and an average price target of $167.00.

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.