TE Connectivity Ltd. (NYSE:TEL) Given Consensus Rating of “Hold” by Brokerages

TE Connectivity Ltd. (NYSE:TEL) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $155.13.

Several research firms have commented on TEL. Robert W. Baird cut their price objective on TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Jefferies Financial Group initiated coverage on TE Connectivity in a research report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 price target for the company. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research report on Monday, April 1st. JPMorgan Chase & Co. dropped their price target on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Finally, Wells Fargo & Company dropped their price target on TE Connectivity from $152.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th.

TE Connectivity Stock Performance

Shares of TEL stock opened at $150.43 on Friday. The stock has a market cap of $46.07 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The business has a 50-day simple moving average of $147.72 and a 200-day simple moving average of $143.20. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. TE Connectivity has a 52-week low of $115.00 and a 52-week high of $153.54.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. TE Connectivity’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. On average, equities analysts expect that TE Connectivity will post 7.5 EPS for the current year.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the sale, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the completion of the sale, the insider now owns 25,976 shares in the company, valued at $3,892,763.36. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

A number of hedge funds and other institutional investors have recently bought and sold shares of TEL. International Assets Investment Management LLC purchased a new position in shares of TE Connectivity during the fourth quarter worth about $10,759,000. Nordea Investment Management AB grew its holdings in shares of TE Connectivity by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock worth $114,430,000 after purchasing an additional 41,198 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of TE Connectivity by 518.3% during the fourth quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock worth $21,876,000 after purchasing an additional 130,515 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of TE Connectivity by 184.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 43,867 shares of the electronics maker’s stock worth $6,163,000 after purchasing an additional 28,449 shares during the last quarter. Finally, Patten Group Inc. purchased a new position in shares of TE Connectivity during the fourth quarter worth about $220,000. 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.