TE Connectivity (NYSE:TEL) Earns Buy Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of TE Connectivity (NYSE:TEL) in a research report issued on Monday. The brokerage set a “buy” rating on the electronics maker’s stock.

TEL has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on TE Connectivity from $170.00 to $169.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Robert W. Baird decreased their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a research note on Tuesday, April 9th. They set a “buy” rating and a $180.00 price objective on the stock. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $153.89.

TE Connectivity Trading Down 2.1 %

TEL stock opened at $147.35 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 1.45. The company has a market capitalization of $45.12 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.17 and a beta of 1.35. The company’s 50 day moving average price is $146.36 and its two-hundred day moving average price is $142.02. TE Connectivity has a one year low of $115.00 and a one year high of $152.79.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the business posted $1.65 earnings per share. TE Connectivity’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, analysts predict that TE Connectivity will post 7.5 earnings per share for the current fiscal year.

Insider Transactions at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,892,763.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Shadrak W. Kroeger sold 5,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total value of $749,300.00. Following the transaction, the insider now owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Trudeau sold 7,044 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the transaction, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC raised its holdings in shares of TE Connectivity by 116.9% in the 1st quarter. Cetera Advisors LLC now owns 9,693 shares of the electronics maker’s stock valued at $1,408,000 after purchasing an additional 5,224 shares in the last quarter. Cetera Investment Advisers raised its stake in TE Connectivity by 129.2% in the first quarter. Cetera Investment Advisers now owns 40,922 shares of the electronics maker’s stock worth $5,944,000 after buying an additional 23,068 shares in the last quarter. PGGM Investments lifted its holdings in TE Connectivity by 0.7% during the first quarter. PGGM Investments now owns 75,733 shares of the electronics maker’s stock worth $10,999,000 after buying an additional 550 shares during the period. Swedbank AB purchased a new position in shares of TE Connectivity in the 1st quarter valued at $10,182,000. Finally, Heartland Bank & Trust Co bought a new position in shares of TE Connectivity in the 1st quarter worth $201,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.