TE Connectivity Ltd. (NYSE:TEL) had its price objective reduced by Royal Bank Of Canada from $100.00 to $95.00 in a research report sent to investors on Thursday, MarketBeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the electronics maker’s stock.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of TE Connectivity from a hold rating to a sell rating in a research note on Monday, October 23rd. Stifel Nicolaus reaffirmed a buy rating and issued a $87.00 price target on shares of TE Connectivity in a research note on Tuesday, October 17th. Finally, Morgan Stanley reaffirmed an overweight rating and issued a $89.00 price target on shares of TE Connectivity in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. TE Connectivity has a consensus rating of Buy and an average target price of $93.50.

TE Connectivity (TEL) opened at $92.73 on Thursday. TE Connectivity has a 52 week low of $62.22 and a 52 week high of $93.11. The firm has a market cap of $32,769.31, a price-to-earnings ratio of 19.20, a P/E/G ratio of 1.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.54.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm earned $1.22 earnings per share. TE Connectivity’s quarterly revenue was up 3.7% on a year-over-year basis. analysts expect that TE Connectivity will post 5.27 EPS for the current fiscal year.

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In other news, insider Thomas J. Lynch sold 130,617 shares of TE Connectivity stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $91.29, for a total transaction of $11,924,025.93. Following the completion of the transaction, the insider now directly owns 429,500 shares in the company, valued at $39,209,055. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas J. Lynch sold 130,616 shares of TE Connectivity stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $83.37, for a total transaction of $10,889,455.92. Following the transaction, the insider now owns 429,499 shares of the company’s stock, valued at $35,807,331.63. The disclosure for this sale can be found here. Insiders have sold 447,266 shares of company stock valued at $37,564,038 over the last quarter. Corporate insiders own 1.49% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Duncker Streett & Co. Inc. grew its holdings in shares of TE Connectivity by 17.8% during the second quarter. Duncker Streett & Co. Inc. now owns 1,325 shares of the electronics maker’s stock valued at $104,000 after buying an additional 200 shares during the last quarter. First Command Bank grew its holdings in shares of TE Connectivity by 19.6% during the second quarter. First Command Bank now owns 1,348 shares of the electronics maker’s stock valued at $106,000 after buying an additional 221 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of TE Connectivity by 38.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,379 shares of the electronics maker’s stock valued at $109,000 after buying an additional 384 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in shares of TE Connectivity during the second quarter valued at about $126,000. Finally, Harfst & Associates Inc. grew its holdings in shares of TE Connectivity by 46.2% during the second quarter. Harfst & Associates Inc. now owns 1,722 shares of the electronics maker’s stock valued at $135,000 after buying an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 90.12% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

Analyst Recommendations for TE Connectivity (NYSE:TEL)

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