John Jenkins, the Executive Vice President and General Counsel of TE Connectivity Ltd (NYSE:TEL), sold 6,149 shares of the company’s stock on August 13, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 21,623 shares of the company’s stock. The shares were sold at a price of $145.56, making the transaction worth approximately $894,517.84.

TE Connectivity Ltd, a leading global technology and manufacturing company, specializes in connectivity and sensing solutions that are essential in today’s increasingly connected world. The company serves a variety of industries including automotive, industrial equipment, data communications systems, aerospace, defense, medical, oil and gas, consumer electronics and energy.

Over the last year, John Jenkins has sold a total of 6,149 shares and purchased no shares. This recent sale is part of a broader trend within the company, where there have been 10 insider sales and no insider purchases over the last year.

TE Connectivity Ltd shares were trading at $145.56 on the day of the sale. The company has a market capitalization of around $44.11 billion. The price-to-earnings ratio of 13.05 is below the industry median of 21.605 and the company’s historical median, indicating a potentially undervalued stock compared to peers.

The GF Value, an estimate of GuruFocus’ intrinsic value, is $139.05, suggesting the stock is fairly valued at a Price to GF Value ratio of 1.05. This valuation is supported by historical trading multiples, adjustments based on past performance, and estimates of future business performance by Morningstar analysts.

This insider sale may be of interest to investors who follow insider behavior as an indicator of the level of confidence in the company’s current valuation and future prospects.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.