Robert W. Baird Cuts TE Connectivity (NYSE:TEL) Price Target to $158.00

TE Connectivity (NYSE:TEL) had its target price decreased by Robert W. Baird from $159.00 to $158.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s target price indicates a potential upside of 12.86% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a report on Monday, April 1st. Stifel Nicolaus increased their target price on TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Citigroup assumed coverage on TE Connectivity in a report on Friday, January 5th. They set a “neutral” rating and a $146.00 target price for the company. Jefferies Financial Group assumed coverage on TE Connectivity in a report on Tuesday, April 9th. They set a “buy” rating and a $180.00 target price for the company. Finally, StockNews.com assumed coverage on TE Connectivity in a report on Monday. They set a “buy” rating for the company. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $153.60.

TE Connectivity Price Performance

TEL opened at $140.00 on Thursday. The stock has a 50-day moving average price of $142.65 and a 200-day moving average price of $136.02. TE Connectivity has a 12-month low of $115.00 and a 12-month high of $147.98. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $43.51 billion, a P/E ratio of 13.28, a PEG ratio of 2.04 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the prior year, the business earned $1.53 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts predict that TE Connectivity will post 7.59 earnings per share for the current fiscal year.

Insider Activity at TE Connectivity

In related news, insider Steven T. Merkt sold 99,777 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the completion of the transaction, the insider now owns 30,459 shares of the company’s stock, valued at approximately $4,386,096. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC boosted its stake in TE Connectivity by 97.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in TE Connectivity by 112.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in TE Connectivity by 358.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 190 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in TE Connectivity during the 4th quarter valued at $30,000. Finally, Godsey & Gibb Inc. boosted its stake in TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Company Profile

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.