TE Connectivity Ltd. (NYSE:TEL) Receives $64.33 Average PT from Analysts
TE Connectivity Ltd. (NYSE:TEL) has been given an average rating of “Hold” by the five research firms that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $64.33.
TEL has been the topic of a number of recent research reports. Morgan Stanley reaffirmed a “buy” rating on shares of TE Connectivity in a research report on Tuesday, September 20th. Deutsche Bank AG reiterated a “hold” rating and set a $65.00 target price on shares of TE Connectivity in a research note on Wednesday, June 15th. Zacks Investment Research downgraded shares of TE Connectivity from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Royal Bank Of Canada lowered their target price on shares of TE Connectivity from $66.00 to $63.00 and set an “outperform” rating for the company in a research note on Friday, July 1st. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $65.00 target price (up previously from $63.00) on shares of TE Connectivity in a research note on Thursday, July 21st.
In other TE Connectivity news, insider James O’toole sold 13,925 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $61.40, for a total value of $854,995.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert J. Ott sold 11,156 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $63.32, for a total transaction of $706,397.92. Following the completion of the transaction, the senior vice president now owns 8,185 shares of the company’s stock, valued at approximately $518,274.20. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in TE Connectivity by 106.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,274 shares of the company’s stock valued at $130,000 after buying an additional 1,174 shares in the last quarter. Financial Architects Inc increased its position in TE Connectivity by 41.9% in the second quarter. Financial Architects Inc now owns 2,416 shares of the company’s stock valued at $138,000 after buying an additional 713 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in TE Connectivity by 0.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,594 shares of the company’s stock valued at $148,000 after buying an additional 19 shares in the last quarter. Signaturefd LLC increased its position in TE Connectivity by 8.5% in the second quarter. Signaturefd LLC now owns 3,208 shares of the company’s stock valued at $183,000 after buying an additional 252 shares in the last quarter. Finally, Bienville Capital Management LLC bought a new position in TE Connectivity during the second quarter valued at about $202,000. Institutional investors own 91.55% of the company’s stock.
TE Connectivity (NYSE:TEL) opened at 64.79 on Tuesday. The company has a 50-day moving average price of $63.11 and a 200-day moving average price of $60.81. TE Connectivity has a 52 week low of $51.70 and a 52 week high of $67.99. The stock has a market cap of $23.04 billion, a price-to-earnings ratio of 9.46 and a beta of 1.41.
TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. TE Connectivity had a return on equity of 16.72% and a net margin of 21.97%. The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that TE Connectivity will post $4.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 26th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.48 annualized dividend and a yield of 2.28%. TE Connectivity’s dividend payout ratio is presently 21.67%.
TE Connectivity Company Profile
TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing.
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