TE Connectivity Ltd. (NYSE:TEL) Receives $167.00 Average Target Price from Analysts

TE Connectivity Ltd. (NYSE:TEL) has earned an average rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $167.00.

A number of equities analysts have issued reports on the company. Truist Financial cut their price target on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a report on Thursday, January 23rd. Robert W. Baird raised their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $151.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, January 23rd. StockNews.com downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Hsbc Global Res raised TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. This trade represents a 49.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEL. Pinnacle Bancorp Inc. purchased a new stake in shares of TE Connectivity during the fourth quarter worth $26,000. SRS Capital Advisors Inc. lifted its holdings in TE Connectivity by 117.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 107 shares in the last quarter. Fairway Wealth LLC bought a new position in TE Connectivity in the 4th quarter worth about $43,000. Golden State Wealth Management LLC purchased a new position in TE Connectivity during the 4th quarter valued at about $44,000. Finally, Hilltop National Bank bought a new stake in shares of TE Connectivity during the fourth quarter valued at about $55,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Price Performance

TEL stock opened at $147.00 on Tuesday. The stock has a market cap of $43.86 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 2.11 and a beta of 1.32. TE Connectivity has a 1 year low of $137.61 and a 1 year high of $159.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.68 and a quick ratio of 1.10. The company has a 50 day simple moving average of $149.41 and a 200 day simple moving average of $148.40.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period last year, the company earned $1.84 earnings per share. The firm’s revenue was up .1% compared to the same quarter last year. Research analysts anticipate that TE Connectivity will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.93%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, May 21st. TE Connectivity’s payout ratio is currently 45.37%.

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.