TE Connectivity (NYSE:TEL) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL) in a report published on Friday. The firm issued a buy rating on the electronics maker’s stock.

A number of other research firms also recently weighed in on TEL. Vertical Research assumed coverage on TE Connectivity in a report on Tuesday, July 23rd. They issued a hold rating and a $155.00 price objective for the company. Robert W. Baird increased their price target on TE Connectivity from $162.00 to $170.00 and gave the company an outperform rating in a research note on Thursday, July 25th. HSBC lowered TE Connectivity from a buy rating to a hold rating and set a $162.00 price objective on the stock. in a research note on Wednesday, July 24th. Bank of America increased their target price on shares of TE Connectivity from $165.00 to $170.00 and gave the company a buy rating in a research report on Thursday, July 18th. Finally, Wells Fargo & Company dropped their price target on shares of TE Connectivity from $152.00 to $150.00 and set an equal weight rating on the stock in a research report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $158.45.

TE Connectivity Trading Up 1.2 %

Shares of TEL stock opened at $145.84 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.51 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $44.32 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.96 and a beta of 1.33. TE Connectivity has a twelve month low of $115.00 and a twelve month high of $159.98. The stock’s fifty day simple moving average is $150.14 and its 200 day simple moving average is $147.26.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter last year, the business earned $1.77 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts predict that TE Connectivity will post 7.57 EPS for the current fiscal year.

Insider Buying and Selling at TE Connectivity

In other news, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total transaction of $450,320.67. Following the transaction, the senior vice president now owns 25,504 shares of the company’s stock, valued at approximately $3,942,663.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the completion of the sale, the chief financial officer now owns 38,073 shares in the company, valued at $5,889,893.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total value of $450,320.67. Following the completion of the transaction, the senior vice president now owns 25,504 shares in the company, valued at $3,942,663.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,363 shares of company stock valued at $11,042,161. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

Hedge funds and other institutional investors have recently bought and sold shares of the business. NorthRock Partners LLC acquired a new stake in shares of TE Connectivity in the 4th quarter worth about $223,000. ING Groep NV raised its stake in shares of TE Connectivity by 8.0% in the fourth quarter. ING Groep NV now owns 42,547 shares of the electronics maker’s stock worth $5,978,000 after purchasing an additional 3,135 shares during the last quarter. Norges Bank bought a new position in shares of TE Connectivity in the fourth quarter valued at approximately $693,985,000. Coldstream Capital Management Inc. boosted its position in shares of TE Connectivity by 44.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,986 shares of the electronics maker’s stock valued at $701,000 after buying an additional 1,542 shares during the last quarter. Finally, Sachetta LLC bought a new stake in TE Connectivity during the fourth quarter worth $34,000. 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.