Robert W. Baird Cuts TE Connectivity (NYSE:TEL) Price Target to $158.00

TE Connectivity (NYSE:TEL) had its price target lowered by research analysts at Robert W. Baird from $159.00 to $158.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the electronics maker’s stock. Robert W. Baird’s price target would suggest a potential upside of 12.86% from the stock’s previous close.

TEL has been the topic of a number of other reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, April 1st. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $169.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. StockNews.com began coverage on shares of TE Connectivity in a report on Monday. They issued a “buy” rating for the company. Truist Financial increased their price objective on shares of TE Connectivity from $148.00 to $153.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, Citigroup assumed coverage on shares of TE Connectivity in a report on Friday, January 5th. They set a “neutral” rating and a $146.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.60.

TE Connectivity Trading Down 2.3 %

TEL stock opened at $140.00 on Thursday. The company’s 50-day simple moving average is $142.65 and its 200-day simple moving average is $136.02. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. TE Connectivity has a 52-week low of $115.00 and a 52-week high of $147.98. The firm has a market cap of $43.51 billion, a P/E ratio of 13.28, a PEG ratio of 2.04 and a beta of 1.39.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.13. TE Connectivity had a net margin of 20.69% and a return on equity of 18.93%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company posted $1.53 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities analysts forecast that TE Connectivity will post 7.59 EPS for the current fiscal year.

Insider Transactions at TE Connectivity

In other news, insider Steven T. Merkt sold 99,777 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $144.00, for a total transaction of $14,367,888.00. Following the transaction, the insider now directly owns 30,459 shares in the company, valued at $4,386,096. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.86% of the company’s stock.

Institutional Trading of TE Connectivity

A number of institutional investors have recently added to or reduced their stakes in TEL. IFP Advisors Inc boosted its holdings in TE Connectivity by 35.9% during the third quarter. IFP Advisors Inc now owns 2,036 shares of the electronics maker’s stock worth $251,000 after buying an additional 538 shares in the last quarter. Founders Financial Securities LLC lifted its stake in shares of TE Connectivity by 8.9% during the third quarter. Founders Financial Securities LLC now owns 1,650 shares of the electronics maker’s stock valued at $204,000 after buying an additional 135 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of TE Connectivity by 14.2% during the third quarter. GHP Investment Advisors Inc. now owns 756 shares of the electronics maker’s stock valued at $92,000 after buying an additional 94 shares during the period. Caprock Group LLC lifted its stake in shares of TE Connectivity by 2.9% during the third quarter. Caprock Group LLC now owns 5,493 shares of the electronics maker’s stock valued at $679,000 after buying an additional 156 shares during the period. Finally, Czech National Bank lifted its stake in shares of TE Connectivity by 47.2% during the third quarter. Czech National Bank now owns 54,900 shares of the electronics maker’s stock valued at $6,782,000 after buying an additional 17,596 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.