TE Connectivity Ltd. (NYSE:TEL) Receives Consensus Rating of “Hold” from Analysts

Shares of TE Connectivity Ltd. (NYSE:TEL) have received a consensus rating of “Hold” from the twelve research firms that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $167.00.

TEL has been the subject of a number of research analyst reports. StockNews.com lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Truist Financial cut their price objective on TE Connectivity from $165.00 to $163.00 and set a “hold” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of TE Connectivity from $151.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their target price on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 23rd.

TE Connectivity Stock Down 3.4 %

TEL opened at $142.04 on Tuesday. TE Connectivity has a 1-year low of $137.61 and a 1-year high of $159.98. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $42.38 billion, a PE ratio of 22.69, a PEG ratio of 2.11 and a beta of 1.32. The firm’s 50 day simple moving average is $149.32 and its two-hundred day simple moving average is $148.41.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the company earned $1.84 EPS. TE Connectivity’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts forecast that TE Connectivity will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, May 21st. This is an increase from TE Connectivity’s previous quarterly dividend of $0.65. TE Connectivity’s dividend payout ratio (DPR) is 45.37%.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the transaction, the insider now directly owns 25,976 shares in the company, valued at $3,812,497.52. The trade was a 49.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by company insiders.

Institutional Trading of TE Connectivity

Large investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. acquired a new stake in TE Connectivity during the fourth quarter worth about $26,000. SRS Capital Advisors Inc. boosted its stake in shares of TE Connectivity by 117.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 198 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 107 shares during the period. Fairway Wealth LLC acquired a new position in shares of TE Connectivity in the fourth quarter worth $43,000. Golden State Wealth Management LLC purchased a new stake in TE Connectivity during the 4th quarter worth about $44,000. Finally, Hilltop National Bank acquired a new stake in TE Connectivity in the fourth quarter valued at approximately $55,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

About TE Connectivity

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.