TE Connectivity Ltd (NYSE:TEL) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.46 per share by the electronics maker on Friday, December 6th. This represents a $1.84 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, November 21st.
Shares of TE Connectivity stock opened at $94.01 on Friday. TE Connectivity has a 1 year low of $69.84 and a 1 year high of $97.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.57. The company has a market capitalization of $31.77 billion, a P/E ratio of 16.94, a PEG ratio of 1.73 and a beta of 1.15. The company’s fifty day moving average is $92.02 and its two-hundred day moving average is $91.68.
TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.02. TE Connectivity had a net margin of 13.71% and a return on equity of 18.20%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the firm posted $1.35 EPS. TE Connectivity’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts expect that TE Connectivity will post 5.11 earnings per share for the current year.
In other news, SVP Robert J. Ott sold 22,400 shares of TE Connectivity stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.01, for a total value of $2,061,024.00. Following the sale, the senior vice president now owns 39,554 shares of the company’s stock, valued at $3,639,363.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven T. Merkt sold 5,000 shares of TE Connectivity stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $89.02, for a total transaction of $445,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,450 shares of company stock worth $5,975,523. Insiders own 0.80% of the company’s stock.
Several research analysts have issued reports on the stock. Cross Research downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Morgan Stanley downgraded shares of TE Connectivity from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $98.00 to $95.00 in a research report on Monday, September 23rd. JPMorgan Chase & Co. assumed coverage on shares of TE Connectivity in a research report on Tuesday, October 22nd. They set a “neutral” rating and a $102.00 price objective on the stock. Citigroup downgraded shares of TE Connectivity from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $105.00 to $95.00 in a research report on Wednesday, October 9th. Finally, ValuEngine raised shares of TE Connectivity from a “sell” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $93.07.
TE Connectivity Company Profile
TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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