TE Connectivity Ltd. (NYSE:TEL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TE Connectivity Ltd. (NYSE:TEL) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $156.78.

TEL has been the subject of several research reports. Jefferies Financial Group began coverage on shares of TE Connectivity in a research report on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective for the company. Robert W. Baird dropped their price target on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. JPMorgan Chase & Co. decreased their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. StockNews.com initiated coverage on TE Connectivity in a research note on Friday. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the sale, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Shadrak W. Kroeger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of TE Connectivity stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $155.00, for a total transaction of $1,356,250.00. Following the sale, the insider now owns 20,556 shares of the company’s stock, valued at approximately $3,186,180. The disclosure for this sale can be found here. Insiders sold a total of 20,794 shares of company stock worth $3,102,206 in the last quarter. 0.86% of the stock is owned by company insiders.

Institutional Trading of TE Connectivity

A number of large investors have recently modified their holdings of TEL. Simplicity Wealth LLC grew its holdings in TE Connectivity by 2.7% during the 2nd quarter. Simplicity Wealth LLC now owns 2,509 shares of the electronics maker’s stock worth $377,000 after acquiring an additional 67 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in TE Connectivity by 2.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker’s stock valued at $432,000 after buying an additional 68 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in TE Connectivity by 3.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,835 shares of the electronics maker’s stock worth $267,000 after buying an additional 69 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in TE Connectivity by 5.4% during the first quarter. Manchester Capital Management LLC now owns 1,427 shares of the electronics maker’s stock worth $207,000 after buying an additional 73 shares during the period. Finally, Lee Danner & Bass Inc. boosted its position in TE Connectivity by 2.5% during the 4th quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock valued at $433,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 1.5 %

Shares of TEL stock opened at $152.94 on Thursday. The stock has a market cap of $46.83 billion, a P/E ratio of 13.99, a PEG ratio of 2.06 and a beta of 1.33. The company’s fifty day simple moving average is $150.91 and its two-hundred day simple moving average is $144.67. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. TE Connectivity has a 52 week low of $115.00 and a 52 week high of $159.75.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. The business had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS. Analysts predict that TE Connectivity will post 7.51 EPS for the current fiscal year.

TE Connectivity Company Profile

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.