TE Connectivity (NYSE:TEL) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of TE Connectivity (NYSE:TELFree Report) in a research report sent to investors on Wednesday. The firm issued a buy rating on the electronics maker’s stock.

Other analysts have also recently issued reports about the stock. Robert W. Baird decreased their price target 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. Stifel Nicolaus raised their target price on TE Connectivity from $140.00 to $145.00 and gave the company a hold rating in a report on Thursday, January 25th. Truist Financial upped their price target on TE Connectivity from $148.00 to $153.00 and gave the stock a hold rating in a report on Thursday, January 25th. JPMorgan Chase & Co. dropped their price objective on shares of TE Connectivity from $170.00 to $169.00 and set a neutral rating on the stock in a research note on Thursday, April 25th. Finally, Jefferies Financial Group initiated coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They issued a buy rating and a $180.00 target price for the company. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $153.89.

Get Our Latest Report on TE Connectivity

TE Connectivity Stock Up 0.1 %

TEL stock opened at $146.19 on Wednesday. The company has a 50 day moving average price of $142.53 and a two-hundred day moving average price of $137.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The stock has a market capitalization of $44.77 billion, a P/E ratio of 13.38, a PEG ratio of 2.10 and a beta of 1.36. TE Connectivity has a one year low of $115.00 and a one year high of $147.98.

TE Connectivity (NYSE:TELGet Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the company earned $1.65 EPS. As a group, sell-side analysts expect that TE Connectivity will post 7.51 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, February 21st. TE Connectivity’s dividend payout ratio is currently 21.59%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the transaction, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

A number of large investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp increased its stake in TE Connectivity by 72.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,687 shares of the electronics maker’s stock worth $46,537,000 after purchasing an additional 135,548 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of 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 acquiring an additional 69 shares in the last quarter. Element Capital Management LLC purchased a new position in shares of TE Connectivity in the first quarter worth approximately $1,030,000. Beacon Investment Advisory Services Inc. acquired a new stake in shares of TE Connectivity during the first quarter valued at approximately $334,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of TE Connectivity by 17.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 361,166 shares of the electronics maker’s stock valued at $52,456,000 after acquiring an additional 52,824 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Company Profile

(Get Free Report)

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.

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Analyst Recommendations for TE Connectivity (NYSE:TEL)

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