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Aaron Kyle Stucki, President of Transportation Solutions at TE Connectivity (NYSE:TEL), a $50 billion market cap electronic equipment manufacturer, sold 13,100 common shares of the company on June 26, 2025, at a price of $170.00, totaling $2.23 million. The transaction occurred as the stock trades near its 52-week high of $170.23, with InvestingPro analysis indicating the stock is currently fairly valued.
On the same day, Stucki also exercised options to acquire 13,100 common shares at a price of $93.36, for a total value of $1.22 million. These transactions are related to a trading plan adopted on November 27, 2024. Following the sale, Stucki directly owns 23,657.18 common shares of TE Connectivity. The company maintains a "GOOD" financial health score and has shown strong returns over the past three months, with 12 additional key insights available to InvestingPro subscribers.
In other recent news, TE Connectivity reported its fiscal second-quarter results, which surpassed analyst expectations. The company posted adjusted earnings of $2.10 per share, exceeding the consensus estimate of $1.96. Revenue for the quarter rose by 4% year-over-year to $4.1 billion, also topping projections of $3.96 billion. The company has issued strong guidance for the fiscal third quarter, forecasting adjusted earnings of approximately $2.06 per share on revenue of about $4.3 billion, both above Wall Street expectations.
In another development, TE Connectivity has priced a $900 million senior notes offering through its subsidiary, Tyco Electronics Group S.A. The offering includes two sets of notes, each worth $450 million, with interest rates of 4.500% and 5.000% due in 2031 and 2035, respectively. The proceeds from this offering are intended for general corporate purposes, including debt repayment from a recent acquisition. Additionally, HSBC analysts have upgraded TE Connectivity’s stock from a Hold to a Buy rating, raising the price target to $175 from $166. The upgrade reflects a positive outlook on the company’s valuation and growth prospects, noting that the stock is trading at a discount compared to historical averages.
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