TE Connectivity (TEL) Reaches New 1-Year Low at $72.60

Shares of TE Connectivity Ltd (NYSE:TEL) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $72.60 and last traded at $74.80, with a volume of 169316 shares changing hands. The stock had previously closed at $74.17.

Several brokerages recently issued reports on TEL. Jefferies Financial Group began coverage on TE Connectivity in a report on Tuesday. They issued a “hold” rating and a $84.00 price target for the company. Royal Bank of Canada set a $114.00 price target on TE Connectivity and gave the company a “buy” rating in a report on Tuesday, September 25th. SunTrust Banks reiterated a “hold” rating and issued a $82.00 price target on shares of TE Connectivity in a report on Wednesday, October 31st. Macquarie began coverage on TE Connectivity in a report on Monday, October 8th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded TE Connectivity from a “hold” rating to a “sell” rating in a report on Friday, November 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $106.00.

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.41. The stock has a market cap of $25.44 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.19 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 31st. The electronics maker reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.65 billion. TE Connectivity had a net margin of 17.69% and a return on equity of 20.06%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. On average, analysts anticipate that TE Connectivity Ltd will post 5.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be given a $0.44 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $1.76 dividend on an annualized basis and a yield of 2.32%. TE Connectivity’s payout ratio is currently 31.37%.

A number of large investors have recently bought and sold shares of the business. Marshall Wace North America L.P. boosted its position in TE Connectivity by 12,281.7% in the 3rd quarter. Marshall Wace North America L.P. now owns 359,068 shares of the electronics maker’s stock valued at $31,573,000 after buying an additional 356,168 shares during the last quarter. Marshall Wace LLP purchased a new position in TE Connectivity in the 3rd quarter valued at about $423,000. Belpointe Asset Management LLC purchased a new position in TE Connectivity in the 3rd quarter valued at about $159,000. Vanguard Group Inc. boosted its position in TE Connectivity by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 24,999,009 shares of the electronics maker’s stock valued at $2,198,164,000 after buying an additional 340,661 shares during the last quarter. Finally, Morgan Stanley boosted its position in TE Connectivity by 16.6% in the 3rd quarter. Morgan Stanley now owns 2,038,145 shares of the electronics maker’s stock valued at $179,213,000 after buying an additional 290,638 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

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TE Connectivity Company Profile (NYSE:TEL)

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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