TE Connectivity (NYSE:TEL) Hits New 1-Year High - Should You Buy?

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $180.75 and last traded at $179.62, with a volume of 2000249 shares trading hands. The stock had previously closed at $178.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TEL. Vertical Research raised shares of TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 target price on the stock in a research note on Friday, April 25th. Wells Fargo & Company lifted their target price on shares of TE Connectivity from $170.00 to $198.00 and gave the company an "equal weight" rating in a research note on Thursday. Hsbc Global Res raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of TE Connectivity from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Robert W. Baird lifted their target price on shares of TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $194.80.

TE Connectivity Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $61.50 billion, a PE ratio of 42.93, a PEG ratio of 2.48 and a beta of 1.23. The firm's fifty day simple moving average is $168.85 and its 200-day simple moving average is $153.32.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.91 earnings per share. On average, research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 22nd will be issued a $0.71 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.84 annualized dividend and a yield of 1.37%. TE Connectivity's dividend payout ratio (DPR) is presently 58.80%.

Insider Activity at TE Connectivity

In other TE Connectivity news, SVP Malavika Sagar sold 3,125 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $160.00, for a total transaction of $500,000.00. Following the completion of the sale, the senior vice president directly owned 5,927 shares in the company, valued at approximately $948,320. The trade was a 34.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of TE Connectivity 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 sale, the insider directly owned 25,976 shares of the company's stock, valued at $4,130,963.28. The trade was a 49.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 240,675 shares of company stock valued at $39,794,121 over the last quarter. 0.90% of the stock is owned by company insiders.

Institutional Trading of TE Connectivity

Large investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. bought a new stake in TE Connectivity during the second quarter valued at approximately $33,000. Costello Asset Management INC bought a new position in shares of TE Connectivity in the first quarter worth approximately $28,000. Millstone Evans Group LLC bought a new position in shares of TE Connectivity in the first quarter worth approximately $32,000. Ransom Advisory Ltd bought a new position in shares of TE Connectivity in the first quarter worth approximately $34,000. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in shares of TE Connectivity in the first quarter worth approximately $34,000. 91.43% of the stock is currently owned by institutional investors.

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.