TE Connectivity Ltd. (NYSE:TEL) had its price objective increased by Morgan Stanley from $89.00 to $97.00 in a research report issued on Thursday. The firm presently has an “overweight” rating on the electronics maker’s stock. Morgan Stanley’s target price suggests a potential upside of 6.63% from the stock’s current price.

Several other brokerages also recently commented on TEL. Royal Bank Of Canada lowered their target price on shares of TE Connectivity from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday. SunTrust Banks, Inc. increased their price objective on shares of TE Connectivity to $90.00 and gave the stock a “hold” rating in a research report on Thursday. They noted that the move was a valuation call. Citigroup Inc. increased their price objective on shares of TE Connectivity from $92.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of TE Connectivity from a “sell” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Thursday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $87.00 price objective on shares of TE Connectivity in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. TE Connectivity currently has a consensus rating of “Hold” and a consensus price target of $91.00.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.09. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis.

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In related news, insider Thomas J. Lynch sold 130,616 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $83.37, for a total value of $10,889,455.92. Following the completion of the transaction, the insider now owns 429,499 shares of the company’s stock, valued at $35,807,331.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Joseph B. Donahue sold 6,300 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $80.70, for a total transaction of $508,410.00. Following the completion of the transaction, the chief operating officer now directly owns 34,609 shares of the company’s stock, valued at approximately $2,792,946.30. The disclosure for this sale can be found here. Insiders have sold 453,566 shares of company stock valued at $38,072,448 in the last three months. 1.30% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. grew its position in TE Connectivity by 0.8% in the second quarter. Moors & Cabot Inc. now owns 2,813 shares of the electronics maker’s stock valued at $222,000 after purchasing an additional 21 shares in the last quarter. Pictet North America Advisors SA grew its position 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 valued at $293,000 after purchasing an additional 24 shares in the last quarter. Trust Co. of Vermont grew its position in TE Connectivity by 2.5% in the second quarter. Trust Co. of Vermont now owns 2,133 shares of the electronics maker’s stock valued at $168,000 after purchasing an additional 52 shares in the last quarter. Financial Architects Inc grew its position in TE Connectivity by 2.0% in the second quarter. Financial Architects Inc now owns 2,885 shares of the electronics maker’s stock valued at $227,000 after purchasing an additional 57 shares in the last quarter. Finally, AMG Funds LLC grew its position in TE Connectivity by 0.3% in the second quarter. AMG Funds LLC now owns 26,142 shares of the electronics maker’s stock valued at $2,057,000 after purchasing an additional 67 shares in the last quarter. 90.33% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for TE Connectivity (NYSE:TEL)

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