TE Connectivity Ltd. (NYSE:TEL) Given Consensus Rating of “Buy” by Brokerages

TE Connectivity Ltd. (NYSE:TEL – Get Rating) has received an average recommendation of “Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $167.20.

A number of equities analysts have weighed in on the company. StockNews.com lowered TE Connectivity from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $170.00 to $176.00 in a research report on Thursday, January 20th. Morgan Stanley lowered their price objective on shares of TE Connectivity from $167.00 to $151.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th. Truist Financial decreased their price target on shares of TE Connectivity from $144.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, April 8th. Finally, The Goldman Sachs Group raised their price target on shares of TE Connectivity from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 10th.

Shares of TE Connectivity stock opened at $123.29 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a fifty day moving average price of $128.28 and a 200 day moving average price of $144.93. TE Connectivity has a 1 year low of $120.22 and a 1 year high of $166.44. The stock has a market cap of $39.72 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.71 and a beta of 1.27.

TE Connectivity (NYSE:TEL – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The electronics maker reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. The company had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.81 billion. TE Connectivity had a net margin of 16.14% and a return on equity of 22.10%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.57 earnings per share. As a group, equities analysts expect that TE Connectivity will post 7.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 17th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, February 16th. TE Connectivity’s dividend payout ratio (DPR) is 26.42%.

A number of hedge funds have recently modified their holdings of TEL. Norges Bank acquired a new stake in shares of TE Connectivity in the fourth quarter worth $972,351,000. Capital World Investors boosted its stake in TE Connectivity by 17.0% during the 4th quarter. Capital World Investors now owns 20,649,105 shares of the electronics maker’s stock valued at $3,331,527,000 after acquiring an additional 2,994,368 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in TE Connectivity during the 1st quarter valued at $169,458,000. First Trust Advisors LP boosted its stake in TE Connectivity by 194.0% during the 4th quarter. First Trust Advisors LP now owns 1,769,483 shares of the electronics maker’s stock valued at $285,488,000 after acquiring an additional 1,167,642 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of TE Connectivity by 3,976.6% during the fourth quarter. Marshall Wace LLP now owns 989,238 shares of the electronics maker’s stock worth $159,605,000 after purchasing an additional 964,972 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Company Profile (Get Rating)

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaÂ-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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