TE Connectivity Ltd. (NYSE:TEL) Given Average Rating of “Moderate Buy” by Analysts

TE Connectivity Ltd. (NYSE:TEL) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $153.30.

Several research firms have commented on TEL. Robert W. Baird raised their price objective on TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. lifted their target price on TE Connectivity from $169.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Stifel Nicolaus lifted their target price on TE Connectivity from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Truist Financial lifted their target price on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Finally, Citigroup assumed coverage on TE Connectivity in a research report on Friday, January 5th. They set a “neutral” rating and a $146.00 target price on the stock.

TE Connectivity Trading Down 0.7 %

NYSE:TEL opened at $142.00 on Tuesday. The business’s 50-day moving average is $142.76 and its two-hundred day moving average is $135.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.16. TE Connectivity has a 12 month low of $115.00 and a 12 month high of $147.98. The firm has a market capitalization of $44.13 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 2.04 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 EPS for the quarter, beating the consensus estimate of $1.71 by $0.13. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the company posted $1.53 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. Research analysts predict that TE Connectivity will post 7.57 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 dividend on an annualized basis and a yield of 1.83%. TE Connectivity’s dividend payout ratio (DPR) is 22.39%.

Insider Buying and Selling

In related news, insider Steven T. Merkt sold 99,777 shares of TE Connectivity stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $144.00, for a total value of $14,367,888.00. Following the completion of the transaction, the insider now directly owns 30,459 shares in the company, valued at $4,386,096. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On TE Connectivity

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC boosted its stake in TE Connectivity by 97.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 91 shares during the period. Salem Investment Counselors Inc. boosted its stake in TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp boosted its stake in TE Connectivity by 358.5% in the third quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 190 shares during the period. Bruce G. Allen Investments LLC acquired a new position in TE Connectivity in the fourth quarter valued at approximately $30,000. Finally, Crewe Advisors LLC acquired a new position in shares of TE Connectivity during the fourth quarter worth approximately $33,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

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.