TE Connectivity Ltd. (TEL) Given Consensus Rating of “Hold” by Brokerages
Shares of TE Connectivity Ltd. (NYSE:TEL) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $83.43.
Several analysts have commented on the stock. BidaskClub downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Cowen and Company restated a “buy” rating and set a $95.00 target price on shares of TE Connectivity in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $86.00 target price on shares of TE Connectivity in a report on Tuesday, June 6th.
In other news, insider Thomas J. Lynch sold 131,875 shares of TE Connectivity stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $79.58, for a total value of $10,494,612.50. Following the sale, the insider now directly owns 450,694 shares in the company, valued at $35,866,228.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas J. Lynch sold 186,034 shares of TE Connectivity stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $78.65, for a total transaction of $14,631,574.10. Following the completion of the sale, the insider now owns 504,885 shares in the company, valued at $39,709,205.25. The disclosure for this sale can be found here. Insiders sold 726,407 shares of company stock worth $57,751,239 over the last quarter. 1.30% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America increased its stake in TE Connectivity by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,370 shares of the electronics maker’s stock worth $102,000 after buying an additional 9 shares during the period. Lee Danner & Bass Inc. increased its stake in TE Connectivity by 0.3% in the first quarter. Lee Danner & Bass Inc. now owns 3,899 shares of the electronics maker’s stock worth $291,000 after buying an additional 11 shares during the period. Moors & Cabot Inc. increased its stake in TE Connectivity by 0.8% in the second quarter. Moors & Cabot Inc. now owns 2,813 shares of the electronics maker’s stock worth $222,000 after buying an additional 21 shares during the period. Pictet North America Advisors SA increased its stake in TE Connectivity by 0.6% in the second quarter. Pictet North America Advisors SA now owns 3,725 shares of the electronics maker’s stock worth $293,000 after buying an additional 24 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in TE Connectivity by 0.9% in the first quarter. Eqis Capital Management Inc. now owns 3,270 shares of the electronics maker’s stock worth $244,000 after buying an additional 29 shares during the period. Institutional investors own 90.37% of the company’s stock.
TE Connectivity (NYSE:TEL) traded up 0.13% on Friday, reaching $77.71. 1,407,046 shares of the company’s stock traded hands. TE Connectivity has a 52-week low of $60.38 and a 52-week high of $85.20. The firm has a market cap of $27.46 billion, a price-to-earnings ratio of 16.50 and a beta of 1.06. The stock’s 50 day moving average is $80.27 and its 200 day moving average is $76.95.
TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $1.24 EPS for the quarter, topping the consensus estimate of $1.17 by $0.07. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.28 billion. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. On average, equities research analysts predict that TE Connectivity will post $4.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.
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TE Connectivity Company Profile
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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