TE Connectivity Ltd. (NYSE:TEL) Stock Has Average Price Target of $258.07 According to Brokerages

Shares of TE Connectivity Ltd. (NYSE:TEL) have earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $258.07.

Several brokerages have weighed in on TEL. Sanford C. Bernstein began coverage on shares of TE Connectivity in a research note on Wednesday, September 23rd. They set an “outperform” rating and a $243.00 target price for the company. UBS Group upped their price objective on shares of TE Connectivity from $241.00 to $253.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research report on Thursday. Citigroup dropped their target price on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, October 18th.

TE Connectivity Trading Down 0.1%

Shares of TE Connectivity stock opened at $207.84 on Wednesday. The firm has a market capitalization of $60.17 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.22 and a beta of 1.14. TE Connectivity has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The stock has a 50 day moving average of $209.83 and a 200 day moving average of $210.46.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. TE Connectivity’s payout ratio is currently 30.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in TE Connectivity by 5.7% during the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after buying an additional 730,084 shares in the last quarter. Wellington Management Group LLP boosted its holdings in TE Connectivity by 48.2% in the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after purchasing an additional 2,507,569 shares during the period. Baird Financial Group Inc. grew its stake in TE Connectivity by 3.5% during the 2nd quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock worth $652,796,000 after purchasing an additional 109,020 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in TE Connectivity by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock worth $618,121,000 after purchasing an additional 118,284 shares in the last quarter. Finally, Amundi increased its holdings in TE Connectivity by 37.2% during the 1st quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock worth $471,733,000 after purchasing an additional 612,180 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.