TE Connectivity (NYSE:TEL) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of TE Connectivity (NYSE:TEL) in a research note issued to investors on Wednesday. The brokerage issued a buy rating on the electronics maker’s stock.

TEL has been the subject of several other reports. Wells Fargo & Company cut their target price on shares of TE Connectivity from $152.00 to $150.00 and set an equal weight rating for the company in a research note on Tuesday, June 25th. The Goldman Sachs Group reiterated a buy rating on shares of TE Connectivity in a research note on Monday, April 1st. Robert W. Baird lowered their price target on shares of TE Connectivity from $159.00 to $158.00 and set an outperform rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. reduced their price objective on TE Connectivity from $170.00 to $169.00 and set a neutral rating for the company in a report on Thursday, April 25th. Finally, Jefferies Financial Group initiated coverage on TE Connectivity in a report on Tuesday, April 9th. They set a buy rating and a $180.00 price objective for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TE Connectivity has a consensus rating of Moderate Buy and a consensus target price of $155.13.

TE Connectivity Stock Up 0.4 %

NYSE:TEL opened at $149.37 on Wednesday. The stock’s fifty day moving average price is $148.29 and its two-hundred day moving average price is $143.41. TE Connectivity has a 52-week low of $115.00 and a 52-week high of $153.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The company has a market cap of $45.74 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 2.19 and a beta of 1.33.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TEL. International Assets Investment Management LLC bought a new stake in TE Connectivity during the fourth quarter valued at approximately $10,759,000. Nordea Investment Management AB grew its position in TE Connectivity by 5.3% during the fourth quarter. Nordea Investment Management AB now owns 812,537 shares of the electronics maker’s stock valued at $114,430,000 after buying an additional 41,198 shares during the period. SG Americas Securities LLC grew its position in TE Connectivity by 518.3% during the fourth quarter. SG Americas Securities LLC now owns 155,698 shares of the electronics maker’s stock valued at $21,876,000 after buying an additional 130,515 shares during the period. Tower Research Capital LLC TRC grew its position in 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 valued at $6,163,000 after buying an additional 28,449 shares during the period. Finally, Patten Group Inc. bought a new stake in TE Connectivity during the fourth quarter valued at approximately $220,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

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.