Cross Research downgraded shares of TE Connectivity (NYSE:TEL) from a buy rating to a hold rating in a report issued on Tuesday, BenzingaRatingsTable reports.

A number of other brokerages also recently commented on TEL. HC Wainwright restated a buy rating on shares of Ballard Power Systems in a research note on Friday, May 3rd. ValuEngine downgraded shares of ENN ENERGY HOLD/ADR from a buy rating to a hold rating in a research note on Tuesday, March 26th. Longbow Research downgraded shares of TE Connectivity from a buy rating to a neutral rating and set a $90.66 target price on the stock. in a research note on Monday, June 17th. Goldman Sachs Group set a €6.20 ($7.21) target price on shares of Kloeckner & Co SE and gave the stock a buy rating in a research note on Thursday, June 20th. Finally, Zacks Investment Research upgraded shares of Triple-S Management from a hold rating to a buy rating and set a $26.00 target price on the stock in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $92.71.

Shares of NYSE:TEL opened at $88.71 on Tuesday. The company has a market cap of $29.90 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. TE Connectivity has a 12 month low of $69.84 and a 12 month high of $97.99. The firm’s 50-day moving average price is $92.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 0.90.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.42 EPS for the quarter, beating the consensus estimate of $1.27 by $0.15. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.36 billion. TE Connectivity had a net margin of 20.17% and a return on equity of 18.78%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 EPS. As a group, analysts predict that TE Connectivity will post 5.59 earnings per share for the current fiscal year.

In other news, Director Thomas J. Lynch sold 68,516 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $95.36, for a total value of $6,533,685.76. Following the completion of the sale, the director now owns 234,398 shares of the company’s stock, valued at approximately $22,352,193.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Terrence R. Curtin sold 128,750 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $94.20, for a total transaction of $12,128,250.00. Following the completion of the sale, the insider now directly owns 213,719 shares of the company’s stock, valued at approximately $20,132,329.80. The disclosure for this sale can be found here. Insiders sold a total of 299,383 shares of company stock worth $28,368,769 over the last 90 days. Insiders own 0.80% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. MML Investors Services LLC lifted its position in shares of TE Connectivity by 8.2% in the 4th quarter. MML Investors Services LLC now owns 7,651 shares of the electronics maker’s stock worth $579,000 after purchasing an additional 577 shares during the period. Legal & General Group Plc lifted its position in shares of TE Connectivity by 21.5% in the 4th quarter. Legal & General Group Plc now owns 2,052,335 shares of the electronics maker’s stock worth $155,047,000 after purchasing an additional 362,868 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of TE Connectivity by 854,554.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 846,108 shares of the electronics maker’s stock worth $68,324,000 after purchasing an additional 846,009 shares during the period. Squarepoint Ops LLC lifted its position in shares of TE Connectivity by 9.8% in the 4th quarter. Squarepoint Ops LLC now owns 287,614 shares of the electronics maker’s stock worth $21,752,000 after purchasing an additional 25,761 shares during the period. Finally, CWM Advisors LLC lifted its position in shares of TE Connectivity by 16.1% in the 4th quarter. CWM Advisors LLC now owns 7,065 shares of the electronics maker’s stock worth $534,000 after purchasing an additional 981 shares during the period. 91.06% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensors solutions in Europe, the Middle East, Africa, the Asia–Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Analyst Recommendations for TE Connectivity (NYSE:TEL)

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