TE Connectivity Ltd. (NYSE:TEL) gapped up prior to trading on Tuesday . The stock had previously closed at $62.73, but opened at $62.90. TE Connectivity shares last traded at $63.28, with a volume of 1,629,511 shares trading hands.

TEL has been the topic of several analyst reports. Deutsche Bank AG restated a “hold” rating and issued a $65.00 price target on shares of TE Connectivity in a research note on Wednesday, June 15th. Royal Bank Of Canada reiterated a “buy” rating and set a $66.00 price objective on shares of TE Connectivity in a research note on Friday, June 17th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $65.00 price objective (up previously from $63.00) on shares of TE Connectivity in a research note on Thursday, July 21st.

The company’s 50-day moving average price is $59.90 and its 200-day moving average price is $59.65. The company has a market cap of $22.37 billion and a price-to-earnings ratio of 9.19.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.05. During the same quarter last year, the firm earned $0.90 earnings per share. The firm earned $3.12 billion during the quarter, compared to analyst estimates of $3.13 billion. TE Connectivity’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts expect that TE Connectivity Ltd. will post $4.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 26th will be given a $0.37 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.34%.

In other TE Connectivity news, EVP Robert N. Shaddock sold 11,800 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $61.25, for a total value of $722,750.00. Following the completion of the transaction, the executive vice president now directly owns 46,274 shares of the company’s stock, valued at $2,834,282.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas J. Lynch sold 87,958 shares of the business’s stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $61.45, for a total transaction of $5,405,019.10. Following the completion of the transaction, the chief executive officer now directly owns 472,061 shares of the company’s stock, valued at $29,008,148.45. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in TEL. Bank of Montreal Can increased its position in shares of TE Connectivity by 27.6% in the fourth quarter. Bank of Montreal Can now owns 230,427 shares of the company’s stock worth $14,887,000 after buying an additional 49,841 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of TE Connectivity by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,056,949 shares of the company’s stock worth $68,295,000 after buying an additional 9,094 shares in the last quarter. Employees Retirement System of Texas increased its position in shares of TE Connectivity by 177.8% in the fourth quarter. Employees Retirement System of Texas now owns 75,000 shares of the company’s stock worth $4,846,000 after buying an additional 48,000 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in shares of TE Connectivity by 67.6% in the fourth quarter. State of Tennessee Treasury Department now owns 103,556 shares of the company’s stock worth $6,691,000 after buying an additional 41,756 shares in the last quarter.

TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing.

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