Shares of TE Connectivity Ltd (NYSE:TEL) have earned an average rating of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $113.70.

TEL has been the topic of several research analyst reports. Morgan Stanley reduced their price target on shares of TE Connectivity from $117.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, July 26th. Zacks Investment Research upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Thursday, June 28th. Finally, Wells Fargo & Co cut their price objective on shares of TE Connectivity from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, July 17th.

A number of institutional investors and hedge funds have recently made changes to their positions in TEL. Bamco Inc. NY purchased a new stake in TE Connectivity in the first quarter worth about $108,000. Flagship Harbor Advisors LLC purchased a new stake in TE Connectivity in the second quarter worth about $111,000. Fort L.P. purchased a new stake in TE Connectivity in the second quarter worth about $115,000. Private Capital Group LLC purchased a new stake in shares of TE Connectivity during the second quarter valued at approximately $121,000. Finally, Moneta Group Investment Advisors LLC purchased a new stake in shares of TE Connectivity during the second quarter valued at approximately $180,000. Institutional investors and hedge funds own 87.85% of the company’s stock.

Shares of NYSE TEL traded down $1.33 during midday trading on Tuesday, hitting $90.35. 1,771,900 shares of the company traded hands, compared to its average volume of 1,736,365. TE Connectivity has a 12-month low of $78.38 and a 12-month high of $108.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 0.98. The stock has a market capitalization of $31.95 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.50 and a beta of 1.02.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.06. TE Connectivity had a net margin of 9.26% and a return on equity of 20.33%. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned $1.24 earnings per share. TE Connectivity’s quarterly revenue was up 11.8% on a year-over-year basis. research analysts anticipate that TE Connectivity will post 5.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Friday, August 24th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, August 23rd. TE Connectivity’s dividend payout ratio (DPR) is presently 36.44%.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the Asia?Pacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.

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Analyst Recommendations for TE Connectivity (NYSE:TEL)

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