TE Connectivity Ltd. (NYSE:TEL) Receives $194.80 Consensus PT from Brokerages

TE Connectivity Ltd. (NYSE:TEL) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $194.80.

TEL has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on TE Connectivity from $186.00 to $204.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Vertical Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Friday, April 25th. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. UBS Group increased their price target on shares of TE Connectivity from $185.00 to $201.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, KGI Securities raised TE Connectivity to a “hold” rating in a research note on Thursday, July 24th.

Insiders Place Their Bets

In other news, CFO Heath A. Mitts sold 53,306 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $159.21, for a total transaction of $8,486,848.26. Following the completion of the sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at approximately $7,244,532.63. The trade was a 53.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Malavika Sagar sold 1,945 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. This represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,470 shares of company stock valued at $49,794,905. Insiders own 0.90% of the company’s stock.

Institutional Trading of TE Connectivity

A number of large investors have recently modified their holdings of the company. Martingale Asset Management L P raised its position in TE Connectivity by 3.6% during the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock valued at $255,000 after purchasing an additional 63 shares in the last quarter. Nelson Capital Management LLC increased its stake in shares of TE Connectivity by 0.4% during the second quarter. Nelson Capital Management LLC now owns 15,464 shares of the electronics maker’s stock valued at $2,608,000 after buying an additional 63 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 66 shares in the last quarter. Ballentine Partners LLC lifted its stake in TE Connectivity by 1.4% in the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker’s stock worth $703,000 after acquiring an additional 68 shares during the period. Finally, Vista Investment Management grew its holdings in TE Connectivity by 0.5% during the 4th quarter. Vista Investment Management now owns 13,225 shares of the electronics maker’s stock worth $1,891,000 after acquiring an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 1.3%

Shares of TEL opened at $206.50 on Monday. TE Connectivity has a 1 year low of $116.30 and a 1 year high of $212.76. The company has a 50 day simple moving average of $172.52 and a two-hundred day simple moving average of $155.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The firm has a market cap of $61.02 billion, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 EPS for the quarter, topping the consensus estimate of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.91 EPS. On average, equities analysts expect that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, August 22nd. TE Connectivity’s dividend payout ratio (DPR) is presently 58.80%.

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.