TE Connectivity Ltd. (NYSE:TEL) Receives Average Recommendation of “Hold” from Brokerages

TE Connectivity Ltd. (NYSE:TEL – Get Rating) has earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $136.00.

Several equities analysts have recently issued reports on the company. Oppenheimer lowered TE Connectivity from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 6th. StockNews.com lowered TE Connectivity from a “buy” rating to a “hold” rating in a report on Thursday, January 26th. Credit Suisse Group reduced their target price on TE Connectivity from $123.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, February 1st. Wolfe Research lowered TE Connectivity from an “outperform” rating to a “peer perform” rating in a report on Thursday, February 9th. Finally, Robert W. Baird reduced their target price on TE Connectivity from $147.00 to $143.00 in a report on Thursday, January 26th.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, Director Terrence R. Curtin sold 31,396 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $121.92, for a total transaction of $3,827,800.32. Following the sale, the director now owns 54,969 shares in the company, valued at $6,701,820.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TE Connectivity

Institutional investors have recently made changes to their positions in the stock. Keybank National Association OH grew its position in shares of TE Connectivity by 1.2% during the 4th quarter. Keybank National Association OH now owns 6,689 shares of the electronics maker’s stock valued at $768,000 after acquiring an additional 79 shares during the period. Transamerica Financial Advisors Inc. grew its position in shares of TE Connectivity by 8.8% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,009 shares of the electronics maker’s stock valued at $112,000 after acquiring an additional 82 shares during the period. Glenview Trust Co grew its position in shares of TE Connectivity by 3.3% during the 2nd quarter. Glenview Trust Co now owns 2,728 shares of the electronics maker’s stock valued at $309,000 after acquiring an additional 87 shares during the period. D.A. Davidson & CO. grew its position in shares of TE Connectivity by 0.5% during the 3rd quarter. D.A. Davidson & CO. now owns 16,593 shares of the electronics maker’s stock valued at $1,831,000 after acquiring an additional 87 shares during the period. Finally, Founders Financial Securities LLC grew its position in shares of TE Connectivity by 4.9% during the 3rd quarter. Founders Financial Securities LLC now owns 1,905 shares of the electronics maker’s stock valued at $210,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 91.10% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL opened at $130.48 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 1.66. The stock has a 50 day moving average price of $125.25 and a two-hundred day moving average price of $122.43. The firm has a market capitalization of $41.29 billion, a P/E ratio of 18.67, a P/E/G ratio of 2.89 and a beta of 1.32. TE Connectivity has a 52 week low of $104.76 and a 52 week high of $138.24.

TE Connectivity (NYSE:TEL – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.03. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. TE Connectivity had a return on equity of 21.25% and a net margin of 13.85%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. Equities analysts forecast that TE Connectivity will post 6.56 earnings per share for the current fiscal year.

About TE Connectivity

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TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensor solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.