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

Key Points

• TE Connectivity Ltd. has an average analyst rating of "Moderate Buy" from 13 firms, with the average target price set at $194.80.
• Insider Aaron Kyle Stucki sold 52,900 shares of the company at an average price of $192.78, significantly reducing ownership by 69.09%.
• The company recently reported quarterly earnings, with an earnings per share (EPS) of $2.27, exceeding expectations and reflecting a 13.9% year-over-year revenue growth.

Shares of TE Connectivity Ltd. (NYSE:TEL - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $194.80.

TEL has been the subject of a number of research analyst reports. Truist Financial increased their price target on TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday. UBS Group raised their target price on TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Citigroup lifted their target price on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday. Bank of America increased their price target on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a report on Thursday.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the completion of the sale, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. The trade was a 69.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $149.39, for a total transaction of $4,481,700.00. Following the completion of the transaction, the executive vice president owned 24,625 shares in the company, valued at $3,678,728.75. This represents a 54.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 240,675 shares of company stock valued at $39,794,121. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of TE Connectivity by 17.0% in the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after acquiring an additional 5,502,415 shares during the period. Dodge & Cox grew its stake in shares of TE Connectivity by 0.4% in the first quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker's stock worth $2,264,297,000 after purchasing an additional 56,871 shares during the last quarter. Wellington Management Group LLP increased its holdings in TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker's stock valued at $1,054,133,000 after purchasing an additional 1,097,035 shares during the period. Ameriprise Financial Inc. increased its holdings in TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker's stock valued at $927,571,000 after purchasing an additional 960,276 shares during the period. Finally, Geode Capital Management LLC raised its position in TE Connectivity by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 6,015,210 shares of the electronics maker's stock valued at $857,499,000 after purchasing an additional 33,340 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Price Performance

TEL stock opened at $207.66 on Monday. TE Connectivity has a 1 year low of $116.30 and a 1 year high of $208.17. The stock has a market capitalization of $61.58 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company's 50-day moving average is $169.73 and its 200-day moving average is $153.91. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.19. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%. The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 earnings per share. Equities research analysts expect that TE Connectivity will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

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 paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.37%. TE Connectivity's dividend payout ratio (DPR) is currently 58.80%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.