TE Connectivity (NYSE:TEL) Research Coverage Started at StockNews.com

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

A number of other equities research analysts have also commented on TEL. Robert W. Baird increased their price target on TE Connectivity from $162.00 to $170.00 and gave the stock an outperform rating in a research report on Thursday, July 25th. Vertical Research began coverage on TE Connectivity in a research note on Tuesday, July 23rd. They issued a hold rating and a $155.00 target price for the company. HSBC lowered shares of TE Connectivity from a buy rating to a hold rating and set a $162.00 price objective on the stock. in a report on Wednesday, July 24th. Hsbc Global Res raised shares of TE Connectivity to a hold rating in a research note on Wednesday, July 24th. Finally, Wolfe Research raised shares of TE Connectivity from a peer perform rating to an outperform rating in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $158.45.

TE Connectivity Stock Up 0.0 %

Shares of NYSE TEL opened at $145.87 on Friday. TE Connectivity has a 52-week low of $115.00 and a 52-week high of $159.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.99 and a current ratio of 1.51. The business has a fifty day moving average of $150.04 and a two-hundred day moving average of $147.33. The stock has a market cap of $44.67 billion, a PE ratio of 13.35, a PEG ratio of 1.96 and a beta of 1.33.

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

Insider Activity

In related news, SVP Robert J. Ott sold 2,913 shares of TE Connectivity stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $154.59, for a total transaction of $450,320.67. Following the completion of the sale, the senior vice president now directly owns 25,504 shares of the company’s stock, valued at $3,942,663.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Robert J. Ott sold 2,913 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.59, for a total value of $450,320.67. Following the sale, the senior vice president now directly owns 25,504 shares in the company, valued at approximately $3,942,663.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 59,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $154.70, for a total transaction of $9,235,590.00. Following the transaction, the chief financial officer now owns 38,073 shares of the company’s stock, valued at approximately $5,889,893.10. The disclosure for this sale can be found here. Insiders have sold a total of 71,363 shares of company stock valued at $11,042,161 in the last 90 days. 0.86% of the stock is owned by company insiders.

Institutional Trading of TE Connectivity

Hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. increased its holdings in shares of TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc raised its holdings in TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after buying an additional 128 shares during the period. Olistico Wealth LLC bought a new position in TE Connectivity in the second quarter valued at approximately $30,000. Crewe Advisors LLC acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $33,000. Finally, Sachetta LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth $34,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

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.