Shares of TE Connectivity Ltd. (NYSE:TEL) have been given a consensus recommendation of “Hold” by the five research firms that are covering the company. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $64.33.
TEL has been the subject of a number of research analyst reports. Morgan Stanley reiterated a “buy” rating on shares of TE Connectivity in a report on Tuesday, September 20th. Royal Bank Of Canada reiterated a “buy” rating and set a $66.00 price target on shares of TE Connectivity in a report on Friday, June 17th. Deutsche Bank AG reiterated a “hold” rating and set a $65.00 price target on shares of TE Connectivity in a report on Wednesday, June 15th. RBC Capital Markets restated an “outperform” rating and set a $65.00 price objective (up from $63.00) on shares of TE Connectivity in a research report on Thursday, July 21st. Finally, Zacks Investment Research cut TE Connectivity from a “hold” rating to a “sell” rating in a research report on Monday, September 26th.
In other TE Connectivity news, SVP Robert J. Ott sold 11,156 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $63.32, for a total value of $706,397.92. Following the sale, the senior vice president now directly owns 8,185 shares in the company, valued at $518,274.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James O’toole sold 13,925 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $61.40, for a total value of $854,995.00. The disclosure for this sale can be found here. 1.49% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of TE Connectivity by 106.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,274 shares of the company’s stock worth $130,000 after buying an additional 1,174 shares during the period. Financial Architects Inc boosted its stake in shares of TE Connectivity by 41.9% in the second quarter. Financial Architects Inc now owns 2,416 shares of the company’s stock worth $138,000 after buying an additional 713 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of TE Connectivity by 0.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,594 shares of the company’s stock worth $148,000 after buying an additional 19 shares during the period. Signaturefd LLC boosted its stake in shares of TE Connectivity by 8.5% in the second quarter. Signaturefd LLC now owns 3,208 shares of the company’s stock worth $183,000 after buying an additional 252 shares during the period. Finally, Bienville Capital Management LLC bought a new stake in shares of TE Connectivity during the second quarter worth $202,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.
TE Connectivity (NYSE:TEL) traded up 0.09% during midday trading on Tuesday, reaching $63.65. The company’s stock had a trading volume of 407,447 shares. The firm has a market capitalization of $22.63 billion, a PE ratio of 9.29 and a beta of 1.40. TE Connectivity has a 1-year low of $51.70 and a 1-year high of $67.99. The firm has a 50 day moving average price of $62.83 and a 200 day moving average price of $60.74.
TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. TE Connectivity had a return on equity of 16.72% and a net margin of 21.97%. The company earned $3.12 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts predict that TE Connectivity will post $4.01 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 26th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Wednesday, August 24th. TE Connectivity’s dividend payout ratio (DPR) is 21.67%.
TE Connectivity Company Profile
TE Connectivity Ltd. (TE Connectivity) is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates its business through three segments: Transportation Solutions, which offers various products, including terminals and connector systems and components, relays, circuit protection devices, sensors, and application tooling, among others; Industrial Solutions, which include terminals and connector systems and components, heat shrink tubing, relays, wire and cable, and Communications Solutions, which include terminals and connector systems and components, circuit protection devices, antennas, relays and heat shrink tubing.
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