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

StockNews.com assumed coverage on shares of TE Connectivity (NYSE:TEL) in a research note released on Friday. The firm issued a buy rating on the electronics maker’s stock.

A number of other equities research analysts also recently commented on TEL. Robert W. Baird decreased their target price on TE Connectivity from $159.00 to $158.00 and set an outperform rating for the company in a report on Thursday, April 25th. Jefferies Financial Group initiated coverage on TE Connectivity in a research note on Tuesday, April 9th. They issued a buy rating and a $180.00 price target on the stock. The Goldman Sachs Group reiterated a buy rating on shares of TE Connectivity in a report on Monday, April 1st. Stifel Nicolaus upped their price target on TE Connectivity from $140.00 to $145.00 and gave the stock a hold rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. dropped their price objective on TE Connectivity from $170.00 to $169.00 and set a neutral rating on the stock in a report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $153.89.

TE Connectivity Stock Up 0.6 %

NYSE:TEL opened at $150.87 on Friday. The company has a market cap of $46.20 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 2.23 and a beta of 1.36. The stock has a fifty day simple moving average of $144.53 and a 200-day simple moving average of $139.96. TE Connectivity has a twelve month low of $115.00 and a twelve month high of $152.79. The company has a current ratio of 1.45, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.96 billion. TE Connectivity had a return on equity of 18.80% and a net margin of 21.63%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 earnings per share. Analysts anticipate that TE Connectivity will post 7.5 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, February 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 23.79%.

Insider Buying and Selling

In related news, Director Mark Trudeau sold 7,044 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $141.49, for a total value of $996,655.56. Following the sale, the director now owns 5,917 shares of the company’s stock, valued at approximately $837,196.33. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TEL. Silvercrest Asset Management Group LLC raised its holdings in TE Connectivity by 2.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,977 shares of the electronics maker’s stock valued at $432,000 after buying an additional 68 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in TE Connectivity by 3.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,835 shares of the electronics maker’s stock worth $267,000 after buying an additional 69 shares during the period. Manchester Capital Management LLC raised its holdings in shares of TE Connectivity by 5.4% during the first quarter. Manchester Capital Management LLC now owns 1,427 shares of the electronics maker’s stock valued at $207,000 after buying an additional 73 shares during the last quarter. Lee Danner & Bass Inc. raised its stake in shares of TE Connectivity by 2.5% during the fourth quarter. Lee Danner & Bass Inc. now owns 3,085 shares of the electronics maker’s stock valued at $433,000 after purchasing an additional 74 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in TE Connectivity by 0.6% during the first quarter. Miracle Mile Advisors LLC now owns 13,326 shares of the electronics maker’s stock worth $1,935,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

About TE Connectivity

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.