TE Connectivity Ltd. (NYSE:TEL - Get Free Report) has earned a consensus rating of "Hold" from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $167.00.
A number of brokerages recently weighed in on TEL. Robert W. Baird boosted their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. HSBC upgraded shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price objective on the stock in a research note on Thursday, January 23rd. StockNews.com downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday. Bank of America boosted their price target on TE Connectivity from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price objective on TE Connectivity from $151.00 to $155.00 and gave the company an "equal weight" rating in a research note on Thursday, January 23rd.
Get Our Latest Report on TE Connectivity
Insiders Place Their Bets
In other TE Connectivity news, insider Shadrak W. Kroeger sold 3,889 shares of TE Connectivity stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at $3,925,752.88. The trade was a 13.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. grew its holdings in shares of TE Connectivity by 4.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 243,274 shares of the electronics maker's stock worth $36,732,000 after purchasing an additional 9,670 shares in the last quarter. Glenmede Trust Co. NA lifted its position in TE Connectivity by 13.9% during the third quarter. Glenmede Trust Co. NA now owns 194,264 shares of the electronics maker's stock worth $29,322,000 after purchasing an additional 23,755 shares during the period. Venturi Wealth Management LLC grew its stake in TE Connectivity by 1,632.0% during the third quarter. Venturi Wealth Management LLC now owns 6,547 shares of the electronics maker's stock worth $989,000 after buying an additional 6,169 shares in the last quarter. Waverton Investment Management Ltd increased its holdings in TE Connectivity by 8.2% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,411,048 shares of the electronics maker's stock valued at $213,089,000 after buying an additional 106,688 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new position in shares of TE Connectivity in the 4th quarter valued at approximately $2,920,000. 91.43% of the stock is owned by institutional investors.
TE Connectivity Stock Down 2.2 %
TEL stock traded down $3.43 during midday trading on Friday, hitting $150.60. The company's stock had a trading volume of 1,212,642 shares, compared to its average volume of 1,625,414. The company's fifty day moving average price is $147.87 and its 200 day moving average price is $148.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. TE Connectivity has a twelve month low of $137.61 and a twelve month high of $159.98. The stock has a market capitalization of $44.93 billion, a P/E ratio of 24.06, a PEG ratio of 2.11 and a beta of 1.32.
TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. TE Connectivity's revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 earnings per share. As a group, equities research analysts predict that TE Connectivity will post 8.05 EPS for the current year.
TE Connectivity Company Profile
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Get Free ReportTE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
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