TE Connectivity (TEL) Receives Media Sentiment Rating of 0.19

Media coverage about TE Connectivity (NYSE:TEL) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TE Connectivity earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 46.6100944977267 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

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Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded TE Connectivity from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, January 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $115.00 price objective on shares of TE Connectivity in a research report on Wednesday, January 24th. Wells Fargo boosted their price objective on TE Connectivity from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. ValuEngine upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Morgan Stanley boosted their price objective on TE Connectivity from $102.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. TE Connectivity currently has an average rating of “Buy” and an average target price of $137.09.

Shares of TEL stock traded down $3.65 during midday trading on Friday, hitting $96.84. The stock had a trading volume of 1,685,751 shares, compared to its average volume of 1,370,611. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.03 and a current ratio of 1.58. The firm has a market capitalization of $35,292.73, a P/E ratio of 27.99, a PEG ratio of 1.68 and a beta of 1.06. TE Connectivity has a fifty-two week low of $71.93 and a fifty-two week high of $108.23.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15. TE Connectivity had a return on equity of 19.49% and a net margin of 9.12%. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. equities research analysts forecast that TE Connectivity will post 5.49 earnings per share for the current year.

TE Connectivity announced that its Board of Directors has approved a stock buyback program on Friday, December 8th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the electronics maker to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.60 annualized dividend and a yield of 1.65%. TE Connectivity’s payout ratio is 46.24%.

In related news, insider Thomas J. Lynch sold 76,183 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $101.48, for a total transaction of $7,731,050.84. Following the sale, the insider now owns 254,715 shares of the company’s stock, valued at $25,848,478.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas J. Lynch sold 76,184 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $94.74, for a total value of $7,217,672.16. Following the sale, the insider now directly owns 254,689 shares in the company, valued at approximately $24,129,235.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 428,934 shares of company stock worth $43,693,283. 0.70% of the stock is owned by corporate insiders.

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TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

Insider Buying and Selling by Quarter for TE Connectivity (NYSE:TEL)

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