Shares of TE Connectivity Ltd. (NYSE:TEL - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $167.00.
A number of research firms recently weighed in on TEL. Bank of America lifted their target price on shares of TE Connectivity from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. HSBC raised TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 target price on the stock in a research note on Thursday, January 23rd. Citigroup upped their price target on TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Truist Financial lowered their target price on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating on the stock in a report on Thursday, January 23rd.
View Our Latest Research Report on TEL
Insider Buying and Selling
In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total value of $3,669,250.00. Following the transaction, the insider now owns 25,976 shares of the company's stock, valued at $3,812,497.52. This represents a 49.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.
Institutional Trading of TE Connectivity
Large investors have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. bought a new stake in TE Connectivity during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. raised its stake in shares of TE Connectivity by 117.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 107 shares in the last quarter. Fairway Wealth LLC bought a new position in TE Connectivity in the fourth quarter worth approximately $43,000. Golden State Wealth Management LLC purchased a new position in TE Connectivity during the 4th quarter worth $44,000. Finally, Hilltop National Bank bought a new stake in TE Connectivity during the 4th quarter valued at $55,000. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Stock Performance
TE Connectivity stock traded down $2.74 during trading on Tuesday, reaching $147.00. The company had a trading volume of 1,903,149 shares, compared to its average volume of 1,583,073. The firm's 50-day simple moving average is $149.41 and its 200 day simple moving average is $148.40. TE Connectivity has a 52 week low of $137.61 and a 52 week high of $159.98. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $43.86 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $1.84 EPS. The firm's revenue was up .1% on a year-over-year basis. Sell-side analysts forecast that TE Connectivity will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.93%. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio is presently 45.37%.
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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