TE Connectivity Ltd. (NYSE:TEL) had its price target boosted by equities research analysts at Morgan Stanley from $89.00 to $97.00 in a research note issued on Thursday, November 2nd. The firm currently has an “overweight” rating on the electronics maker’s stock. Morgan Stanley’s target price would suggest a potential upside of 1.09% from the stock’s previous close.
A number of other equities analysts have also recently commented on TEL. Royal Bank Of Canada reduced their target price on TE Connectivity from GBX 300 ($3.95) to GBX 225 ($2.96) and set an “outperform” rating for the company in a report on Thursday, August 10th. BidaskClub cut TE Connectivity from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Cowen and Company reissued a “buy” rating and set a $95.00 target price on shares of TE Connectivity in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $87.00 price target on shares of TE Connectivity in a report on Tuesday, October 17th. Finally, Zacks Investment Research cut TE Connectivity from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $150.00.
Shares of TE Connectivity (TEL) traded up $0.06 on Thursday, hitting $95.95. The stock had a trading volume of 1,708,852 shares, compared to its average volume of 1,426,524. The stock has a market capitalization of $33,740.00, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. TE Connectivity has a 1 year low of $66.14 and a 1 year high of $96.68. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.37.
TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. TE Connectivity had a return on equity of 18.97% and a net margin of 12.84%. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the firm posted $1.22 EPS. TE Connectivity’s quarterly revenue was up 3.7% compared to the same quarter last year. equities research analysts expect that TE Connectivity will post 5.27 EPS for the current fiscal year.
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In other news, insider Thomas J. Lynch sold 130,616 shares of TE Connectivity stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the sale, the insider now owns 429,499 shares in the company, valued at $35,807,331.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mario Calastri sold 8,539 shares of TE Connectivity stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $93.27, for a total value of $796,432.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 742,571 shares of company stock worth $65,219,757. 1.49% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEL. Duncker Streett & Co. Inc. boosted its holdings in TE Connectivity by 17.8% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock valued at $104,000 after purchasing an additional 200 shares in the last quarter. First Command Bank boosted its holdings in TE Connectivity by 19.6% in the 2nd quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock valued at $106,000 after purchasing an additional 221 shares in the last quarter. AllSquare Wealth Management LLC purchased a new stake in TE Connectivity in the 3rd quarter valued at approximately $113,000. Northwestern Mutual Wealth Management Co. boosted its holdings in TE Connectivity by 38.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock valued at $109,000 after purchasing an additional 384 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in TE Connectivity in the 2nd quarter valued at approximately $126,000. 89.58% of the stock is currently owned by hedge funds and other 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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