TE Connectivity (NYSE:TEL) Stock Rating Upgraded by StockNews.com

TE Connectivity (NYSE:TELGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

TEL has been the topic of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of TE Connectivity from $145.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, November 3rd. Bank of America reduced their price target on shares of TE Connectivity from $146.00 to $140.00 in a research report on Wednesday, November 2nd. Jefferies Financial Group upped their price target on shares of TE Connectivity from $140.00 to $154.00 in a report on Tuesday. Finally, Royal Bank of Canada reduced their price objective on shares of TE Connectivity from $147.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $138.56.

TE Connectivity Stock Up 0.5 %

Shares of NYSE:TEL opened at $127.26 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. The company has a market cap of $40.37 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.58 and a beta of 1.31. TE Connectivity has a 12 month low of $104.76 and a 12 month high of $165.81. The company has a 50-day moving average price of $117.72 and a 200 day moving average price of $122.11.

TE Connectivity (NYSE:TELGet Rating) last posted its earnings results on Wednesday, November 2nd. The electronics maker reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.22 billion. TE Connectivity had a net margin of 14.91% and a return on equity of 22.31%. As a group, equities research analysts predict that TE Connectivity will post 6.82 earnings per share for the current year.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 42,150 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $126.25, for a total value of $5,321,437.50. Following the completion of the sale, the insider now directly owns 15,595 shares of the company’s stock, valued at $1,968,868.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TE Connectivity news, insider Shadrak W. Kroeger sold 42,150 shares of the stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $126.25, for a total transaction of $5,321,437.50. Following the completion of the transaction, the insider now directly owns 15,595 shares in the company, valued at $1,968,868.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 2,674 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $125.85, for a total value of $336,522.90. Following the transaction, the executive vice president now owns 16,782 shares of the company’s stock, valued at $2,112,014.70. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of TE Connectivity

Hedge funds and other institutional investors have recently made changes to their positions in the business. Toroso Investments LLC increased its position in TE Connectivity by 86.8% in the third quarter. Toroso Investments LLC now owns 6,844 shares of the electronics maker’s stock worth $755,000 after purchasing an additional 3,180 shares during the period. IHT Wealth Management LLC bought a new position in TE Connectivity during the third quarter worth about $237,000. B. Riley Wealth Advisors Inc. boosted its holdings in TE Connectivity by 24.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 9,843 shares of the electronics maker’s stock worth $1,088,000 after buying an additional 1,939 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in TE Connectivity during the third quarter worth about $21,232,000. Finally, CENTRAL TRUST Co boosted its holdings in TE Connectivity by 30.7% during the third quarter. CENTRAL TRUST Co now owns 957 shares of the electronics maker’s stock worth $106,000 after buying an additional 225 shares during the last quarter. 90.61% of the stock is currently owned by institutional investors and hedge funds.

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 Asia-Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Analyst Recommendations for TE Connectivity (NYSE:TEL)

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