TE Connectivity Ltd. (NYSE:TEL) insider Thomas J. Lynch sold 130,617 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $91.29, for a total transaction of $11,924,025.93. Following the transaction, the insider now directly owns 429,500 shares of the company’s stock, valued at approximately $39,209,055. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.09. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the firm posted $1.22 earnings per share. TE Connectivity’s revenue for the quarter was up 3.7% compared to the same quarter last year.

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Several analysts recently commented on the stock. Royal Bank Of Canada dropped their price target on shares of TE Connectivity from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday. SunTrust Banks, Inc. raised their price target on shares of TE Connectivity to $90.00 and gave the company a “hold” rating in a research report on Thursday. They noted that the move was a valuation call. Citigroup Inc. raised their price target on shares of TE Connectivity from $92.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of TE Connectivity from a “sell” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Thursday. Finally, Morgan Stanley raised their price target on shares of TE Connectivity from $89.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.00.

Several institutional investors and hedge funds have recently bought and sold shares of TEL. First Eagle Investment Management LLC raised its stake in shares of TE Connectivity by 112,210.6% during the second quarter. First Eagle Investment Management LLC now owns 1,684,659 shares of the electronics maker’s stock valued at $132,549,000 after purchasing an additional 1,683,159 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of TE Connectivity by 499.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,386,610 shares of the electronics maker’s stock valued at $109,098,000 after purchasing an additional 1,155,316 shares during the period. Koch Industries Inc. purchased a new stake in shares of TE Connectivity during the second quarter valued at approximately $523,000. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 2.3% during the second quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock valued at $1,834,196,000 after purchasing an additional 521,884 shares during the period. Finally, FMR LLC raised its stake in shares of TE Connectivity by 9.7% during the second quarter. FMR LLC now owns 5,339,755 shares of the electronics maker’s stock valued at $420,131,000 after purchasing an additional 472,037 shares during the period. Institutional investors own 90.33% of the company’s stock.

About TE Connectivity

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

Insider Buying and Selling by Quarter for TE Connectivity (NYSE:TEL)

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