TE Connectivity (NYSE:TEL) PT Raised to $170.00

TE Connectivity (NYSE:TEL) had its target price upped by Robert W. Baird from $162.00 to $170.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the electronics maker’s stock.

TEL has been the subject of a number of other reports. Jefferies Financial Group began coverage on TE Connectivity in a report on Tuesday, April 9th. They set a buy rating and a $180.00 target price for the company. Wells Fargo & Company decreased their price objective on TE Connectivity from $152.00 to $150.00 and set an equal weight rating for the company in a research note on Tuesday, June 25th. Vertical Research began coverage on TE Connectivity in a research note on Tuesday, July 23rd. They issued a hold rating and a $155.00 price objective for the company. The Goldman Sachs Group reiterated a buy rating on shares of TE Connectivity in a research note on Monday, April 1st. Finally, Bank of America raised their target price on TE Connectivity from $165.00 to $170.00 and gave the stock a buy rating in a research report on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $158.45.

TE Connectivity Stock Up 1.2 %

Shares of TEL opened at $156.38 on Thursday. TE Connectivity has a 52-week low of $115.00 and a 52-week high of $159.98. The company has a market capitalization of $47.89 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.13 and a beta of 1.33. The stock has a fifty day simple moving average of $151.23 and a two-hundred day simple moving average of $145.19. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.23.

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

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the transaction, the director now directly owns 5,917 shares in the company, valued at approximately $837,196.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark Trudeau sold 7,044 shares of TE Connectivity stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now directly owns 5,917 shares in the company, valued at $837,196.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 5,000 shares of TE Connectivity 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 owns 25,976 shares in the company, valued at $3,892,763.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,794 shares of company stock worth $3,102,206. 0.86% of the stock is currently owned by insiders.

Institutional Trading of TE Connectivity

A number of institutional investors have recently bought and sold shares of TEL. JFS Wealth Advisors LLC boosted its position in TE Connectivity by 97.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in TE Connectivity by 112.4% during the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc boosted its position in TE Connectivity by 209.8% during the second quarter. Versant Capital Management Inc now owns 189 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 128 shares in the last quarter. Olistico Wealth LLC purchased a new stake in TE Connectivity during the second quarter worth $30,000. Finally, Godsey & Gibb Inc. raised its holdings in shares of TE Connectivity by 103.6% in the first quarter. Godsey & Gibb Inc. now owns 224 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 114 shares during the last quarter. 91.43% of the stock is currently 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.