TE Connectivity Ltd. (NYSE:TEL) Receives Consensus Rating of "Moderate Buy" from Brokerages

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $163.90.

TEL has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on TE Connectivity from $146.00 to $148.00 and gave the stock a "neutral" rating in a research note on Thursday, April 24th. Vertical Research raised TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 target price for the company in a research note on Friday, April 25th. Truist Financial lowered their target price on TE Connectivity from $163.00 to $156.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Robert W. Baird boosted their target price on TE Connectivity from $147.00 to $153.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen downgraded TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th.

TE Connectivity Price Performance

TEL traded up $0.88 on Thursday, hitting $174.29. 584,980 shares of the stock were exchanged, compared to its average volume of 1,715,188. TE Connectivity has a 12 month low of $116.30 and a 12 month high of $175.03. The business has a 50-day moving average of $161.13 and a two-hundred day moving average of $149.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.51 and a quick ratio of 1.08. The firm has a market capitalization of $51.69 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 2.28 and a beta of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.14. TE Connectivity had a net margin of 8.67% and a return on equity of 19.40%. The business had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. TE Connectivity's revenue was up 4.4% compared to the same quarter last year. Sell-side analysts forecast that TE Connectivity will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, August 22nd. TE Connectivity's dividend payout ratio (DPR) is 62.42%.

Insider Buying and Selling

In related news, CFO Heath A. Mitts sold 53,306 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $159.21, for a total value of $8,486,848.26. Following the transaction, the chief financial officer directly owned 45,503 shares in the company, valued at $7,244,532.63. This trade represents a 53.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $159.03, for a total value of $3,975,750.00. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at approximately $4,130,963.28. This represents a 49.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,775 shares of company stock worth $29,596,059 over the last quarter. Corporate insiders own 0.90% of the company's stock.

Hedge Funds Weigh In On TE Connectivity

Large investors have recently bought and sold shares of the stock. Martingale Asset Management L P raised its holdings in shares of TE Connectivity by 3.6% during the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker's stock valued at $255,000 after acquiring an additional 63 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of TE Connectivity by 1.4% during the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker's stock valued at $703,000 after acquiring an additional 68 shares in the last quarter. Vista Investment Management raised its holdings in shares of TE Connectivity by 0.5% during the fourth quarter. Vista Investment Management now owns 13,225 shares of the electronics maker's stock valued at $1,891,000 after acquiring an additional 70 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of TE Connectivity by 2.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 3,732 shares of the electronics maker's stock valued at $534,000 after acquiring an additional 75 shares in the last quarter. Finally, Modera Wealth Management LLC raised its holdings in shares of TE Connectivity by 2.8% during the fourth quarter. Modera Wealth Management LLC now owns 2,861 shares of the electronics maker's stock valued at $409,000 after acquiring an additional 78 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

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.