TE Connectivity (NYSE:TEL - Free Report) had its price target upped by JPMorgan Chase & Co. from $169.00 to $170.00 in a report issued on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the electronics maker's stock.
Several other analysts have also recently commented on the company. Stifel Nicolaus lifted their price target on TE Connectivity from $140.00 to $145.00 and gave the company a hold rating in a report on Thursday, January 25th. StockNews.com began coverage on shares of TE Connectivity in a research report on Saturday, April 6th. They set a buy rating for the company. Citigroup assumed coverage on shares of TE Connectivity in a report on Friday, January 5th. They issued a neutral rating and a $146.00 price target on the stock. Truist Financial upped their price objective on TE Connectivity from $148.00 to $153.00 and gave the stock a hold rating in a report on Thursday, January 25th. Finally, Robert W. Baird lifted their target price on TE Connectivity from $147.00 to $155.00 and gave the company an outperform rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $153.30.
Get Our Latest Stock Analysis on TE Connectivity
TE Connectivity Trading Up 1.2 %
Shares of TEL traded up $1.75 on Thursday, hitting $146.70. 1,322,095 shares of the stock traded hands, compared to its average volume of 2,123,476. TE Connectivity has a 1 year low of $115.00 and a 1 year high of $147.98. The stock's 50 day moving average is $142.64 and its two-hundred day moving average is $134.64. The firm has a market capitalization of $45.59 billion, a P/E ratio of 13.92, a P/E/G ratio of 2.06 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 (NYSE:TEL - Get Free Report) 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 for the quarter, compared to analyst estimates of $3.87 billion. TE Connectivity had a return on equity of 18.93% and a net margin of 20.69%. The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 EPS. As a group, sell-side analysts predict that TE Connectivity will post 7.57 earnings per share for the current year.
TE Connectivity Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, February 21st. TE Connectivity's payout ratio is 24.67%.
Insider Activity at TE Connectivity
In other TE Connectivity news, insider Steven T. Merkt sold 99,777 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 30,459 shares in the company, valued at approximately $4,386,096. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.86% of the company's stock.
Institutional Investors Weigh In On TE Connectivity
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEL. JFS Wealth Advisors LLC grew its stake in shares of TE Connectivity by 97.8% during the fourth 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 in the last quarter. Salem Investment Counselors Inc. increased its holdings in TE Connectivity by 112.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 189 shares of the electronics maker's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of TE Connectivity by 358.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 243 shares of the electronics maker's stock valued at $30,000 after purchasing an additional 190 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of TE Connectivity during the 4th quarter valued at approximately $30,000. Finally, Crewe Advisors LLC acquired a new stake in shares of TE Connectivity during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.43% of the company's stock.
About TE Connectivity
(
Get Free Report)
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.
See Also
Before you consider TE Connectivity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TE Connectivity wasn't on the list.
While TE Connectivity currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
