TE Connectivity (NYSE:TEL)‘s stock had its “outperform” rating reaffirmed by stock analysts at Cowen in a report issued on Thursday, The Fly reports. They currently have a $110.00 price objective on the electronics maker’s stock, up from their previous price objective of $95.00. Cowen’s price objective indicates a potential upside of 19.20% from the company’s current price.

TEL has been the subject of a number of other reports. BidaskClub downgraded TE Connectivity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Morgan Stanley restated an “overweight” rating and issued a $89.00 price target on shares of TE Connectivity in a research report on Wednesday, September 20th. Zacks Investment Research downgraded TE Connectivity from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Royal Bank Of Canada reduced their target price on TE Connectivity from GBX 300 ($4.04) to GBX 225 ($3.03) and set an “outperform” rating on the stock in a research note on Thursday, August 10th. Finally, Citigroup increased their target price on TE Connectivity from $92.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. TE Connectivity has an average rating of “Buy” and a consensus price target of $151.07.

Shares of TE Connectivity (NYSE TEL) opened at $92.28 on Thursday. The stock has a market capitalization of $32,547.54, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.61 and a beta of 1.08. TE Connectivity has a 52-week low of $66.20 and a 52-week high of $96.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.28 billion. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. TE Connectivity’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. analysts anticipate that TE Connectivity will post 5.27 EPS for the current year.

In other TE Connectivity news, insider Thomas J. Lynch sold 130,617 shares of TE Connectivity stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $91.29, for a total value of $11,924,025.93. Following the transaction, the insider now owns 429,500 shares in the company, valued at $39,209,055. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas J. Lynch sold 130,616 shares of TE Connectivity stock in a transaction dated 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 in the company, valued at approximately $35,807,331.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 759,805 shares of company stock worth $69,542,539. Insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. First Eagle Investment Management LLC boosted its holdings in TE Connectivity by 112,210.6% in the second quarter. First Eagle Investment Management LLC now owns 1,684,659 shares of the electronics maker’s stock worth $132,549,000 after acquiring an additional 1,683,159 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in TE Connectivity by 17.7% in the third quarter. Janus Henderson Group PLC now owns 8,247,518 shares of the electronics maker’s stock worth $685,033,000 after acquiring an additional 1,239,920 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in TE Connectivity by 499.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,386,610 shares of the electronics maker’s stock worth $109,098,000 after acquiring an additional 1,155,316 shares in the last quarter. Boston Partners boosted its holdings in TE Connectivity by 8.1% in the third quarter. Boston Partners now owns 12,428,336 shares of the electronics maker’s stock worth $1,032,298,000 after acquiring an additional 934,796 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in TE Connectivity in the second quarter worth about $523,000. Institutional investors own 90.22% of the company’s stock.

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About TE Connectivity

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.

The Fly

Analyst Recommendations for TE Connectivity (NYSE:TEL)

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