Robert W. Baird Lowers TE Connectivity (NYSE:TEL) Price Target to $147.00

TE Connectivity (NYSE:TEL) had its price target cut by research analysts at Robert W. Baird from $150.00 to $147.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s price target points to a potential upside of 12.96% from the stock’s current price.

Several other equities research analysts have also commented on TEL. Truist Financial reduced their price target on shares of TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. UBS Group reduced their price target on TE Connectivity from $188.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. HSBC upgraded TE Connectivity from a “reduce” rating to a “hold” rating and set a $166.00 target price on the stock in a research note on Thursday, January 23rd. Bank of America lifted their price objective on shares of TE Connectivity from $167.00 to $170.00 and gave the stock a “buy” rating in a research 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 report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Hold” and a consensus price target of $159.20.

TE Connectivity Stock Up 1.7 %

Shares of NYSE TEL opened at $130.13 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. TE Connectivity has a 12-month low of $116.30 and a 12-month high of $159.98. The firm’s 50-day moving average price is $144.46 and its 200-day moving average price is $146.89. The stock has a market capitalization of $38.82 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 2.11 and a beta of 1.25.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that TE Connectivity will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 3,889 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $151.13, for a total value of $587,744.57. Following the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,925,752.88. This represents a 13.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TE Connectivity

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