TE Connectivity (NYSE:TEL) Price Target Raised to $304.00

TE Connectivity (NYSE:TEL) had its price objective increased by Barclays from $300.00 to $304.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the electronics maker’s stock.

A number of other equities analysts have also commented on TEL. HSBC cut their price objective on TE Connectivity from $234.00 to $216.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. The Goldman Sachs Group increased their target price on shares of TE Connectivity from $284.00 to $288.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Jefferies Financial Group lowered their price target on shares of TE Connectivity from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. UBS Group boosted their price target on shares of TE Connectivity from $253.00 to $263.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, Fox Advisors lowered shares of TE Connectivity from an “overweight” rating to an “equal weight” rating in a research note on Monday. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $255.50.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $220.54 on Monday. The stock has a market capitalization of $63.85 billion, a PE ratio of 19.92, a P/E/G ratio of 1.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.18. The business has a fifty day moving average price of $212.04 and a two-hundred day moving average price of $212.84. TE Connectivity has a fifty-two week low of $190.27 and a fifty-two week high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.07. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.29 billion. TE Connectivity had a net margin of 16.36% and a return on equity of 25.55%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.44 EPS. As a group, equities analysts predict that TE Connectivity will post 13.33 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed 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. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 20th. TE Connectivity’s payout ratio is currently 28.18%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lido Advisors LLC boosted its holdings in TE Connectivity by 40.6% in the third quarter. Lido Advisors LLC now owns 12,032 shares of the electronics maker’s stock valued at $2,540,000 after acquiring an additional 3,477 shares during the last quarter. Keybank National Association OH grew its position in TE Connectivity by 1.8% during the third quarter. Keybank National Association OH now owns 10,034 shares of the electronics maker’s stock valued at $2,118,000 after acquiring an additional 178 shares during the period. Csenge Advisory Group increased its stake in TE Connectivity by 21.4% during the third quarter. Csenge Advisory Group now owns 1,930 shares of the electronics maker’s stock worth $407,000 after acquiring an additional 340 shares during the last quarter. 71 West Capital Partners increased its stake in TE Connectivity by 24.8% during the third quarter. 71 West Capital Partners now owns 2,026 shares of the electronics maker’s stock worth $428,000 after acquiring an additional 402 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. raised its holdings in shares of TE Connectivity by 2,545,072.0% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 636,293 shares of the electronics maker’s stock worth $134,308,000 after purchasing an additional 636,268 shares during the period. 91.43% of the stock is owned by institutional investors.

TE Connectivity Company Profile

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.