TE Connectivity Ltd. (NYSE:TEL) Given Average Rating of "Moderate Buy" by Analysts

Shares of TE Connectivity Ltd. (NYSE:TEL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $162.50.

TEL has been the topic of several analyst reports. HSBC upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research note on Thursday, April 24th. Hsbc Global Res upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Truist Financial dropped their price target on shares of TE Connectivity from $163.00 to $156.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on shares of TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their price target on shares of TE Connectivity from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th.

Insider Activity at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $159.03, for a total value of $3,975,750.00. Following the sale, the insider now directly owns 25,976 shares in the company, valued at $4,130,963.28. This trade represents a 49.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John S. Jenkins sold 20,400 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $162.85, for a total transaction of $3,322,140.00. Following the completion of the sale, the executive vice president now owns 24,625 shares in the company, valued at $4,010,181.25. This represents a 45.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,675 shares of company stock worth $27,369,059. 0.90% of the stock is owned by insiders.

Institutional Trading of TE Connectivity

Several hedge funds and other institutional investors have recently bought and sold shares of TEL. Brighton Jones LLC acquired a new stake in TE Connectivity in the 4th quarter worth $820,000. Spire Wealth Management boosted its position in shares of TE Connectivity by 1,156.7% during the 4th quarter. Spire Wealth Management now owns 842 shares of the electronics maker's stock valued at $120,000 after acquiring an additional 775 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of TE Connectivity by 9.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,562 shares of the electronics maker's stock valued at $6,133,000 after acquiring an additional 3,716 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its position in shares of TE Connectivity by 7.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 4,847 shares of the electronics maker's stock valued at $693,000 after acquiring an additional 347 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of TE Connectivity by 2,330.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 753,572 shares of the electronics maker's stock valued at $107,738,000 after acquiring an additional 722,565 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Stock Up 1.5%

Shares of NYSE:TEL opened at $164.71 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The company has a market cap of $48.84 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. TE Connectivity has a 52 week low of $116.30 and a 52 week high of $165.15. The firm has a 50 day simple moving average of $146.59 and a 200 day simple moving average of $147.61.

TE Connectivity (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.14. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. The company's revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that TE Connectivity will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be paid a $0.71 dividend. The ex-dividend date is Wednesday, May 21st. This is a positive change from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 dividend on an annualized basis and a yield of 1.72%. TE Connectivity's dividend payout ratio (DPR) is presently 62.42%.

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.

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