Stifel Nicolaus reaffirmed their buy rating on shares of TE Connectivity Ltd. (NYSE:TEL) in a research report report published on Friday, November 3rd. Stifel Nicolaus currently has a $98.00 price objective on the electronics maker’s stock.
Several other equities analysts have also weighed in on the company. Robert W. Baird assumed coverage on TE Connectivity in a report on Friday, November 3rd. They set an outperform rating and a $105.00 target price on the stock. Morgan Stanley raised their target price on TE Connectivity from $89.00 to $97.00 and gave the company an overweight rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded TE Connectivity from a sell rating to a buy rating and set a $103.00 price objective on the stock in a research note on Thursday, November 2nd. Citigroup Inc. lifted their price objective on TE Connectivity from $92.00 to $106.00 and gave the stock a buy rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks, Inc. lifted their price objective on TE Connectivity to $90.00 and gave the stock a hold rating in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $150.00.
Shares of TE Connectivity (TEL) traded up $0.46 during trading on Friday, hitting $93.82. The stock had a trading volume of 1,407,100 shares, compared to its average volume of 1,416,310. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. TE Connectivity has a 1-year low of $66.14 and a 1-year high of $93.83. The firm has a market capitalization of $32,991.94, a PE ratio of 19.33, a PEG ratio of 1.80 and a beta of 1.06.
TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company earned $1.22 earnings per share. TE Connectivity’s quarterly revenue was up 3.7% compared to the same quarter last year. research analysts anticipate that TE Connectivity will post 5.27 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, November 22nd. TE Connectivity’s dividend payout ratio (DPR) is presently 33.97%.
In other TE Connectivity news, CFO Heath A. Mitts sold 10,736 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $93.14, for a total transaction of $999,951.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mario Calastri sold 8,539 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $93.27, for a total transaction of $796,432.53. The disclosure for this sale can be found here. Insiders sold a total of 521,346 shares of company stock valued at $44,465,473 in the last 90 days. 1.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. grew its holdings in shares of TE Connectivity by 4.6% in the 2nd quarter. Prudential Financial Inc. now owns 511,865 shares of the electronics maker’s stock valued at $40,273,000 after buying an additional 22,478 shares during the period. Calamos Advisors LLC grew its holdings in shares of TE Connectivity by 2.7% in the 2nd quarter. Calamos Advisors LLC now owns 57,157 shares of the electronics maker’s stock valued at $4,497,000 after buying an additional 1,512 shares during the period. Swiss National Bank grew its holdings in shares of TE Connectivity by 3.0% in the 2nd quarter. Swiss National Bank now owns 1,297,509 shares of the electronics maker’s stock valued at $102,088,000 after buying an additional 38,400 shares during the period. Vanguard Group Inc. grew its holdings in shares of TE Connectivity by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 23,312,100 shares of the electronics maker’s stock valued at $1,834,196,000 after buying an additional 521,884 shares during the period. Finally, Atlantic Trust Group LLC grew its holdings in shares of TE Connectivity by 5.0% in the 2nd quarter. Atlantic Trust Group LLC now owns 177,785 shares of the electronics maker’s stock valued at $13,989,000 after buying an additional 8,438 shares during the period. 90.07% of the stock is owned by institutional investors.
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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