TE Connectivity Ltd. (NYSE:TEL - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $131.34 and last traded at $131.91, with a volume of 756848 shares trading hands. The stock had previously closed at $142.29.
Wall Street Analysts Forecast Growth
TEL has been the topic of several recent research reports. Hsbc Global Res raised TE Connectivity from a "moderate sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Wells Fargo & Company increased their price target on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 23rd. Citigroup boosted their price objective on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 target price for the company in a research note on Thursday, January 23rd. Finally, StockNews.com cut TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, TE Connectivity presently has an average rating of "Hold" and a consensus target price of $167.00.
Check Out Our Latest Research Report on TE Connectivity
TE Connectivity Stock Down 1.1 %
The company's 50 day simple moving average is $146.07 and its 200-day simple moving average is $147.52. The firm has a market cap of $36.44 billion, a P/E ratio of 19.51, a PEG ratio of 2.11 and a beta of 1.25. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.
TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share 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 for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. TE Connectivity's revenue was up .1% on a year-over-year basis. Research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. TE Connectivity's dividend payout ratio (DPR) is currently 45.37%.
Insider Transactions at TE Connectivity
In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. The trade was a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.90% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in TEL. Rhumbline Advisers raised its stake in TE Connectivity by 0.4% during the 1st quarter. Rhumbline Advisers now owns 339,714 shares of the electronics maker's stock worth $48,008,000 after acquiring an additional 1,346 shares during the period. Somerset Trust Co bought a new stake in shares of TE Connectivity during the 1st quarter valued at $224,000. Parallel Advisors LLC lifted its stake in shares of TE Connectivity by 6.1% during the 1st quarter. Parallel Advisors LLC now owns 4,941 shares of the electronics maker's stock valued at $698,000 after buying an additional 284 shares in the last quarter. First County Bank CT boosted its holdings in TE Connectivity by 3.6% in the 1st quarter. First County Bank CT now owns 2,425 shares of the electronics maker's stock worth $343,000 after buying an additional 84 shares during the period. Finally, Tompkins Financial Corp raised its holdings in TE Connectivity by 3.4% during the first quarter. Tompkins Financial Corp now owns 55,423 shares of the electronics maker's stock valued at $7,832,000 after acquiring an additional 1,829 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Company Profile
(
Get Free Report)
TE 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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