A number of firms have modified their ratings and price targets on shares of TE Connectivity (NYSE: TEL) recently:

  • 6/7/2017 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history with an average positive surprise of 8.9% over the trailing four quarters, beating estimates each time. These impressive earnings beat were driven by continued progress on strategic priorities, solid execution and robust top-line growth. Going forward, the company expects transportation business to grow in mid-single digits organically, fuelled by growth in global auto production and impressive heavy truck business in key end markets. Also, other two segments, namely, Communications and Industrial are expected to stoke growth. Additionally, TE Connectivity’s solid financial health adds to its strength. However, the stock has underperformed the Zacks categorized Electronics-Miscellaneous Components industry average over the past six months. Sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth.”
  • 6/6/2017 – TE Connectivity had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $86.00 price target on the stock.
  • 6/6/2017 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity has a striking earnings surprise history over the trailing four quarters, beating estimates each time. These impressive earnings were driven by continued progress on strategic priorities, solid execution and impressive top-line growth. Going forward, the company expects transportation business to grow in mid-single digits organically, fuelled by growth in global auto production and impressive heavy truck business in key end markets. However, the stock has also underperformed the Zacks categorized Electronics-Miscellaneous Components industry average over the past six months. Sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. Going forward, weakness in the Chinese economy is likely to hurt major businesses of the company.”
  • 6/5/2017 – TE Connectivity had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $95.00 price target on the stock, up previously from $90.00.
  • 5/29/2017 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history with an average positive surprise of 8.9% over the trailing four quarters, beating estimates each time. These impressive earnings were driven by continued progress on strategic priorities, solid execution and impressive top-line growth. Going forward, the company expects transportation business to grow in mid-single digits organically, fuelled by growth in global auto production and impressive heavy truck business in key end markets. Also, other two segments, namely, Communications and Industrial are expected to stoke growth. Additionally, TE Connectivity’s solid financial health adds to its strength. However, the stock has also underperformed the Zacks categorized Electronics-Miscellaneous Components industry average over the past six months. Sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth.”
  • 5/26/2017 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TEL Connectivity’s second-quarter fiscal 2017 adjusted earnings beat the Zacks Consensus Estimate by 10.2% and also went up 32% year over year. The impressive earnings were driven by continued progress on strategic priorities, solid execution and an impressive top-line growth. Going forward, robust growth of the Transportation segment as well as other two segments namely Communications and Industrial are expected to stoke growth. Additionally, TE Connectivity’s solid financial health adds to its strength. The stock has also outperformed the Zacks catgorized Electronics-Miscellaneous Components industry average over the past six months. However, on the flip side, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. Going forward, industrial, data & devices, and communications businesses are likely to be affected by weakness in the Chinese economy.”
  • 5/12/2017 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “TE Connectivity reported second-quarter fiscal 2017 adjusted earnings of $1.19 per share, which beat the Zacks Consensus Estimate by 10.2% and was up 32% year over year. The impressive earnings were driven by continued progress on strategic priorities, solid execution and impressive top-line growth. The company expects transportation business to grow in mid-single digits organically, fuelled by growth in global auto production and impressive heavy truck business in key end markets. Going forward, other two segments, namely, Communications and Industrial are expected to stoke growth. Additionally, TE Connectivity’s solid financial health adds to its strength. However, the stock has also underperformed the Zacks categorized Electronics-Miscellaneous Components industry average over the past six months. Sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth.”
  • 5/11/2017 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity reported second-quarter fiscal 2017 adjusted earnings of $1.19 per share, which beat the Zacks Consensus Estimate by 10.2% and was up 32% year over year. The impressive earnings were driven by continued progress on strategic priorities, solid execution and impressive top-line growth. Going forward, robust growth of the Transportation segment as well as other two segments, namely, Communications and Industrial are expected to stoke growth. However, the stock has underperformed the Zacks categorized Electronics-Miscellaneous Components industry average over the past six months. Sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. Going forward, weakness in the Chinese economy is likely to hurt major businesses of the company.”
  • 4/29/2017 – TE Connectivity had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $86.00 price target on the stock, up previously from $82.00.
  • 4/28/2017 – TE Connectivity had its price target raised by analysts at Deutsche Bank AG from $75.00 to $82.00. They now have a “hold” rating on the stock.
  • 4/28/2017 – TE Connectivity had its price target raised by analysts at Morgan Stanley from $85.00 to $87.00. They now have an “overweight” rating on the stock.

Shares of TE Connectivity Ltd. (NYSE TEL) traded down 1.57% during mid-day trading on Monday, hitting $78.34. The stock had a trading volume of 1,953,181 shares. The stock has a market cap of $27.81 billion, a P/E ratio of 13.46 and a beta of 1.04. The firm has a 50 day moving average price of $76.83 and a 200-day moving average price of $73.55. TE Connectivity Ltd. has a 12 month low of $54.54 and a 12 month high of $80.70.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. TE Connectivity had a return on equity of 19.65% and a net margin of 16.40%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that TE Connectivity Ltd. will post $4.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 26th were issued a $0.40 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, May 24th. TE Connectivity’s dividend payout ratio is presently 27.54%.

In related news, SVP Robert J. Ott sold 12,400 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $76.79, for a total transaction of $952,196.00. Following the completion of the sale, the senior vice president now directly owns 23,271 shares in the company, valued at approximately $1,786,980.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas J. Lynch sold 131,875 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $76.85, for a total value of $10,134,593.75. Following the sale, the insider now owns 450,694 shares of the company’s stock, valued at $34,635,833.90. The disclosure for this sale can be found here. Insiders sold a total of 460,025 shares of company stock valued at $35,330,960 over the last quarter. Company insiders own 1.49% of the company’s stock.

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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