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

TE Connectivity Ltd. (NYSE:TEL) has been given an average recommendation of “Hold” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $155.13.

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

TE Connectivity Trading Up 0.6 %

Shares of TEL opened at $148.71 on Friday. TE Connectivity has a 12-month low of $115.00 and a 12-month high of $153.54. The firm has a market capitalization of $45.54 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 2.18 and a beta of 1.35. The stock’s 50-day moving average price is $147.36 and its 200 day moving average price is $143.01. 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 (NYSE:TEL) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 EPS for the quarter, topping the consensus estimate of $1.83 by $0.03. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. TE Connectivity’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the business earned $1.65 earnings per share. As a group, research analysts predict that TE Connectivity will post 7.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,892,763.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other 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 transaction, the insider now owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now directly owns 5,917 shares of the company’s stock, valued at $837,196.33. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently made changes to their positions in TEL. JFS Wealth Advisors LLC grew its stake in 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 during the period. Salem Investment Counselors Inc. boosted its holdings 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 during the period. Jones Financial Companies Lllp raised its holdings in shares of TE Connectivity by 358.5% during the third quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 190 shares during the period. Bruce G. Allen Investments LLC bought a new stake in TE Connectivity in the 4th quarter valued at $30,000. Finally, Godsey & Gibb Inc. boosted its stake in TE Connectivity by 103.6% in the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 114 shares during the period. 91.43% of the stock is owned by institutional investors.

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.