TE Connectivity (NYSE:TEL) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• TE Connectivity (NYSE:TEL) has had its rating reaffirmed as "Hold (C+)" by Weiss Ratings, with varied opinions from other analysts regarding its stock performance.
• Analysts have recently adjusted price targets for TE Connectivity, with JPMorgan Chase increasing it to $204.00 and UBS Group raising it to $260.00, both reflecting a positive market outlook.
• In the last three months, company insiders have sold a total of 71,645 shares of TE Connectivity, indicating a significant decrease in their stock ownership.

TE Connectivity (NYSE:TEL - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Several other analysts have also commented on TEL. JPMorgan Chase & Co. lifted their price target on shares of TE Connectivity from $186.00 to $204.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. UBS Group lifted their price target on shares of TE Connectivity from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Barclays started coverage on shares of TE Connectivity in a research report on Tuesday, October 7th. They set an "overweight" rating and a $249.00 price target on the stock. Bank of America lifted 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, Evercore ISI lifted their price target on shares of TE Connectivity from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, TE Connectivity presently has an average rating of "Moderate Buy" and a consensus target price of $222.00.

TE Connectivity Trading Up 0.7%

TEL opened at $235.66 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The company's 50 day simple moving average is $215.12 and its two-hundred day simple moving average is $183.29. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $237.63. The firm has a market capitalization of $69.63 billion, a price-to-earnings ratio of 48.79, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26.

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

Insider Activity at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the completion of the transaction, the senior vice president owned 4,716 shares of the company's stock, valued at approximately $977,155.20. This trade represents a 29.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,645 shares of company stock worth $14,842,096 in the last three months. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors have recently modified their holdings of the business. Dakota Community Bank & Trust NA grew its stake in shares of TE Connectivity by 5.4% in the third quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker's stock worth $209,000 after acquiring an additional 49 shares in the last quarter. Security National Bank of SO Dak grew its stake in shares of TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker's stock worth $1,833,000 after acquiring an additional 50 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of TE Connectivity by 1.6% in the second quarter. Fidelis Capital Partners LLC now owns 3,349 shares of the electronics maker's stock worth $565,000 after acquiring an additional 52 shares in the last quarter. HM Payson & Co. grew its stake in shares of TE Connectivity by 1.5% in the third quarter. HM Payson & Co. now owns 3,511 shares of the electronics maker's stock worth $771,000 after acquiring an additional 52 shares in the last quarter. Finally, SOA Wealth Advisors LLC. grew its stake in shares of TE Connectivity by 47.4% in the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Company Profile

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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