TE Connectivity Ltd. (NYSE:TEL – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $212.66 and traded as low as $206.24. TE Connectivity shares last traded at $206.8390, with a volume of 2,869,960 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TEL. Truist Financial reduced their price target on TE Connectivity from $240.00 to $215.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, October 18th. Barclays lifted their price objective on TE Connectivity from $300.00 to $304.00 and gave the company an “overweight” rating in a research report on Monday. Robert W. Baird boosted their price objective on TE Connectivity from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. Finally, Citigroup increased their target price on shares of TE Connectivity from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $255.50.
Get Our Latest Analysis on TEL
TE Connectivity Stock Performance
The company has a current ratio of 1.73, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $212.07 and its two-hundred day moving average is $212.66. The company has a market cap of $59.88 billion, a PE ratio of 18.68, a PEG ratio of 1.39 and a beta of 1.15.
TE Connectivity (NYSE:TEL – Get Free Report) last issued its earnings results on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share for the quarter, topping the consensus estimate of $3.07 by $0.07. TE Connectivity had a net margin of 16.36% and a return on equity of 25.55%. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the firm posted $2.44 EPS. TE Connectivity’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 13.43 EPS for the current year.
TE Connectivity Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio is 28.18%.
Institutional Trading of TE Connectivity
Several institutional investors have recently made changes to their positions in the business. State Street Corp boosted its stake in TE Connectivity by 5.7% in the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after purchasing an additional 730,084 shares during the period. Wellington Management Group LLP raised its position in shares of TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after buying an additional 2,507,569 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of TE Connectivity by 3.5% during the second quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock valued at $652,796,000 after buying an additional 109,020 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TE Connectivity by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock worth $618,121,000 after buying an additional 118,284 shares in the last quarter. Finally, Amundi lifted its holdings in shares of TE Connectivity by 37.2% in the first quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock worth $471,733,000 after buying an additional 612,180 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.
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.
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