Robert W. Baird Boosts TE Connectivity (NYSE:TEL) Price Target to $170.00

TE Connectivity (NYSE:TEL) had its price objective lifted by Robert W. Baird from $162.00 to $170.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an outperform rating on the electronics maker’s stock.

Other research analysts also recently issued reports about the stock. HSBC downgraded shares of TE Connectivity from a buy rating to a hold rating and set a $162.00 price objective on the stock. in a research report on Wednesday. Bank of America boosted their price objective on shares of TE Connectivity from $165.00 to $170.00 and gave the company a buy rating in a research report on Thursday, July 18th. StockNews.com assumed coverage on shares of TE Connectivity in a research report on Friday, July 19th. They issued a buy rating on the stock. JPMorgan Chase & Co. reduced their target price on shares of TE Connectivity from $170.00 to $169.00 and set a neutral rating on the stock in a research report on Thursday, April 25th. Finally, Vertical Research began coverage on shares of TE Connectivity in a research report on Tuesday, July 23rd. They issued a hold rating and a $155.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $158.45.

TE Connectivity Trading Up 1.2 %

Shares of TEL opened at $156.38 on Thursday. The firm has a market cap of $47.89 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.13 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.92 and a current ratio of 1.51. TE Connectivity has a fifty-two week low of $115.00 and a fifty-two week high of $159.98. The firm has a 50 day moving average price of $151.23 and a 200-day moving average price of $145.19.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. TE Connectivity had a net margin of 21.94% and a return on equity of 18.53%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm earned $1.77 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts forecast that TE Connectivity will post 7.55 earnings per share for the current year.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at approximately $3,892,763.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total transaction of $996,655.56. Following the completion of the sale, the director now directly owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The disclosure for this sale can be found here. Insiders sold 20,794 shares of company stock valued at $3,102,206 in the last quarter. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TE Connectivity

A number of institutional investors have recently added to or reduced their stakes in TEL. JFS Wealth Advisors LLC boosted its position in shares of TE Connectivity by 97.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of TE Connectivity by 112.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of TE Connectivity by 209.8% during the 2nd quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 128 shares during the last quarter. Olistico Wealth LLC bought a new position in shares of TE Connectivity during the 2nd quarter valued at approximately $30,000. Finally, Godsey & Gibb Inc. boosted its position in shares of TE Connectivity by 103.6% during the 1st quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 114 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

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.