Robert W. Baird Increases TE Connectivity (NYSE:TEL) Price Target to $170.00

TE Connectivity (NYSE:TEL) had its price target boosted by Robert W. Baird from $162.00 to $170.00 in a research report report published on Thursday, Benzinga reports. They currently have an outperform rating on the electronics maker’s stock.

TEL has been the subject of several other research reports. Jefferies Financial Group began coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a buy rating and a $180.00 price objective for the company. Hsbc Global Res upgraded TE Connectivity to a hold rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. decreased their target price on TE Connectivity from $170.00 to $169.00 and set a neutral rating for the company in a research note on Thursday, April 25th. HSBC cut TE Connectivity from a buy rating to a hold rating and set a $162.00 target price for the company. in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group restated a buy rating on shares of TE Connectivity in a research note on Monday, April 1st. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, TE Connectivity has an average rating of Hold and a consensus target price of $158.45.

TE Connectivity Stock Performance

NYSE TEL opened at $156.38 on Thursday. The company has a market cap of $47.89 billion, a P/E ratio of 14.31, a P/E/G ratio of 2.13 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.51 and a quick ratio of 0.92. The stock has a 50-day moving average of $151.23 and a two-hundred day moving average of $145.28. TE Connectivity has a 1-year low of $115.00 and a 1-year high of $159.98.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $4.01 billion. TE Connectivity had a return on equity of 18.53% and a net margin of 21.94%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 EPS. As a group, analysts anticipate that TE Connectivity will post 7.55 EPS for the current year.

Insiders Place Their Bets

In other news, insider Aaron Kyle Stucki sold 8,750 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now owns 20,556 shares of the company’s stock, valued at $3,186,180. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Aaron Kyle Stucki sold 8,750 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $155.00, for a total value of $1,356,250.00. Following the transaction, the insider now directly owns 20,556 shares in the company, valued at approximately $3,186,180. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. JFS Wealth Advisors LLC lifted its position in shares of TE Connectivity by 97.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of TE Connectivity by 209.8% in the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after buying an additional 128 shares in the last quarter. Olistico Wealth LLC acquired a new stake in TE Connectivity during the 2nd quarter valued at approximately $30,000. Finally, Godsey & Gibb Inc. grew its stake in TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

About TE Connectivity

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.