TE Connectivity (NYSE:TEL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of TE Connectivity (NYSE:TEL – Get Rating) in a report published on Thursday. The firm issued a hold rating on the electronics maker’s stock.

TEL has been the topic of a number of other reports. Oppenheimer lowered shares of TE Connectivity from an outperform rating to a market perform rating in a research report on Tuesday, December 6th. Robert W. Baird lowered their target price on shares of TE Connectivity from $147.00 to $143.00 in a research report on Thursday, January 26th. Jefferies Financial Group raised their target price on shares of TE Connectivity from $140.00 to $154.00 in a research report on Tuesday, November 22nd. Stifel Nicolaus downgraded TE Connectivity from a buy rating to a hold rating and set a $130.00 price target for the company. in a report on Wednesday, February 15th. Finally, Wolfe Research downgraded TE Connectivity from an outperform rating to a peer perform rating in a report on Thursday, February 9th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, TE Connectivity has a consensus rating of Hold and an average price target of $136.00.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $123.23 on Thursday. The firm has a market capitalization of $39.00 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.77 and a beta of 1.32. TE Connectivity has a 52 week low of $104.76 and a 52 week high of $138.24. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $127.45 and its two-hundred day moving average is $122.21.

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

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, August 17th. TE Connectivity’s dividend payout ratio (DPR) is currently 32.05%.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in TE Connectivity by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 96,162 shares of the electronics maker’s stock valued at $11,039,000 after acquiring an additional 5,494 shares during the period. Voya Investment Management LLC increased its position in shares of TE Connectivity by 0.3% in the fourth quarter. Voya Investment Management LLC now owns 178,355 shares of the electronics maker’s stock valued at $20,475,000 after buying an additional 518 shares in the last quarter. Cascade Investment Group Inc. purchased a new position in shares of TE Connectivity in the fourth quarter valued at $248,000. Compass Wealth Management LLC purchased a new position in shares of TE Connectivity in the fourth quarter valued at $357,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of TE Connectivity by 3,663.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 31,272 shares of the electronics maker’s stock valued at $3,590,000 after buying an additional 30,441 shares in the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.

TE Connectivity Company Profile

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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.