TE Connectivity Ltd. (NYSE:TEL) Stock Rated “Moderate Buy” by Sell-Side Analysts

by · The Markets Daily

TE Connectivity Ltd. (NYSE:TEL – Get Free Report) has been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $258.07.

Several brokerages have commented on TEL. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research report on Thursday, October 22nd. Wells Fargo & Company lifted their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research note on Friday, September 11th. Sanford C. Bernstein started coverage on TE Connectivity in a report on Wednesday, September 23rd. They issued an “outperform” rating and a $243.00 target price for the company. Robert W. Baird lifted their target price on TE Connectivity from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Finally, Jefferies Financial Group decreased their price target on TE Connectivity from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd.

Check Out Our Latest Stock Analysis on TE Connectivity

TE Connectivity Price Performance

TEL opened at $224.75 on Wednesday. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56. The company’s 50 day simple moving average is $210.07 and its 200 day simple moving average is $213.31.

TE Connectivity (NYSE:TEL – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.07. The business had revenue of $5.31 billion during the quarter, compared to analysts’ expectations of $5.29 billion. As a group, sell-side analysts anticipate that TE Connectivity will post 11.46 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. VestGen Advisors LLC increased its holdings in TE Connectivity by 25.5% during the third quarter. VestGen Advisors LLC now owns 3,392 shares of the electronics maker’s stock valued at $716,000 after buying an additional 689 shares during the last quarter. SYM FINANCIAL Corp purchased a new stake in TE Connectivity in the 3rd quarter worth $359,000. Independence Bank of Kentucky purchased a new position in TE Connectivity in the 3rd quarter worth approximately $26,000. Angeles Wealth Management LLC lifted its holdings in shares of TE Connectivity by 13.0% in the third quarter. Angeles Wealth Management LLC now owns 1,216 shares of the electronics maker’s stock worth $257,000 after buying an additional 140 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. boosted its holdings in shares of TE Connectivity by 763.6% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 113,990 shares of the electronics maker’s stock valued at $24,061,000 after purchasing an additional 100,790 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

About TE Connectivity

(Get Free Report)

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.

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