TE Connectivity Ltd. (NYSE:TEL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of TE Connectivity Ltd. (NYSE:TEL) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $153.30.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial boosted their target price on TE Connectivity from $148.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. The Goldman Sachs Group restated a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Robert W. Baird lifted their price target on shares of TE Connectivity from $147.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus increased their price objective on shares of TE Connectivity from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, January 25th.

TE Connectivity Trading Down 2.5 %

TEL opened at $142.98 on Tuesday. The stock has a market capitalization of $44.44 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 2.09 and a beta of 1.39. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. TE Connectivity has a twelve month low of $115.00 and a twelve month high of $147.98. The company has a 50-day simple moving average of $142.73 and a 200 day simple moving average of $134.96.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.53 EPS. Analysts predict that TE Connectivity will post 7.57 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.82%. TE Connectivity’s dividend payout ratio is 22.39%.

Insider Buying and Selling

In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $144.00, for a total value of $14,367,888.00. Following the sale, the insider now owns 30,459 shares in the company, valued at approximately $4,386,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JFS Wealth Advisors LLC lifted its position in shares of TE Connectivity by 97.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 91 shares during the period. Salem Investment Counselors Inc. lifted its holdings in TE Connectivity by 112.4% in the first quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker’s stock valued at $27,000 after buying an additional 100 shares during the period. Jones Financial Companies Lllp boosted its position in TE Connectivity by 358.5% during the third quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 190 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in TE Connectivity during the 4th quarter worth about $30,000. Finally, Crewe Advisors LLC bought a new position in shares of TE Connectivity in the 4th quarter worth about $33,000. 91.43% of the stock is owned by institutional investors and hedge funds.

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.