TE Connectivity (NYSE:TEL) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of TE Connectivity (NYSE:TEL) in a research report issued on Tuesday. The firm set a “buy” rating on the electronics maker’s stock.

Several other equities analysts also recently commented on TEL. Jefferies Financial Group assumed coverage on shares of TE Connectivity in a report on Tuesday, April 9th. They issued a “buy” rating and a $180.00 target price on the stock. Robert W. Baird decreased their price target on shares of TE Connectivity from $159.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of TE Connectivity from $170.00 to $169.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $155.13.

TE Connectivity Stock Performance

TEL opened at $147.83 on Tuesday. The firm has a market cap of $45.27 billion, a P/E ratio of 13.49, a PEG ratio of 2.20 and a beta of 1.35. TE Connectivity has a 1-year low of $115.00 and a 1-year high of $153.54. The company has a 50 day simple moving average of $147.23 and a two-hundred day simple moving average of $142.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.92.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.03. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.96 billion. TE Connectivity had a net margin of 21.63% and a return on equity of 18.80%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 earnings per share. Equities analysts forecast that TE Connectivity will post 7.5 earnings per share for the current fiscal year.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the sale, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mark Trudeau sold 7,044 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $141.49, for a total value of $996,655.56. Following the completion of the transaction, the director now directly owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 5,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $149.86, for a total transaction of $749,300.00. Following the completion of the transaction, the insider now directly owns 25,976 shares of the company’s stock, valued at $3,892,763.36. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On TE Connectivity

Several hedge funds and other institutional investors have recently modified their holdings of TEL. HM Payson & Co. raised its position in TE Connectivity by 3.1% during the 1st quarter. HM Payson & Co. now owns 3,431 shares of the electronics maker’s stock worth $498,000 after buying an additional 103 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of TE Connectivity by 116.9% during the 1st quarter. Cetera Advisors LLC now owns 9,693 shares of the electronics maker’s stock worth $1,408,000 after purchasing an additional 5,224 shares during the period. Cetera Investment Advisers grew its stake in shares of TE Connectivity by 129.2% during the 1st quarter. Cetera Investment Advisers now owns 40,922 shares of the electronics maker’s stock worth $5,944,000 after purchasing an additional 23,068 shares during the period. PGGM Investments grew its stake in shares of TE Connectivity by 0.7% during the 1st quarter. PGGM Investments now owns 75,733 shares of the electronics maker’s stock worth $10,999,000 after purchasing an additional 550 shares during the period. Finally, Swedbank AB acquired a new stake in shares of TE Connectivity during the 1st quarter worth approximately $10,182,000. 91.43% of the stock is owned by hedge funds and other 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.