Investors Purchase High Volume of Put Options on TE Connectivity (TEL)
TE Connectivity Ltd. (NYSE:TEL) was the recipient of unusually large options trading activity on Friday. Traders acquired 1,068 put options on the company. This represents an increase of Infinity compared to the average volume of 0 put options.
In related news, COO Joseph B. Donahue sold 1,238 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $93.23, for a total transaction of $115,418.74. Following the transaction, the chief operating officer now directly owns 52,134 shares in the company, valued at $4,860,452.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mario Calastri sold 8,539 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $93.27, for a total transaction of $796,432.53. The disclosure for this sale can be found here. Insiders have sold 679,009 shares of company stock worth $59,194,715 over the last 90 days. 1.49% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. raised its stake in shares of TE Connectivity by 17.8% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 200 shares during the period. AllSquare Wealth Management LLC purchased a new stake in shares of TE Connectivity in the 3rd quarter valued at approximately $113,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of TE Connectivity by 38.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock valued at $109,000 after acquiring an additional 384 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of TE Connectivity in the 2nd quarter valued at approximately $126,000. Finally, Harfst & Associates Inc. raised its stake in shares of TE Connectivity by 46.2% in the 2nd quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock valued at $135,000 after acquiring an additional 544 shares during the period. 89.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of TE Connectivity (TEL) opened at $95.04 on Monday. The stock has a market cap of $33,419.60, a P/E ratio of 19.68, a PEG ratio of 1.84 and a beta of 1.06. TE Connectivity has a 52 week low of $66.14 and a 52 week high of $95.37. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.37.
TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.28 billion. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. sell-side analysts anticipate that TE Connectivity will post 5.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Wednesday, November 22nd. TE Connectivity’s dividend payout ratio (DPR) is 33.97%.
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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.
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