The current consensus rating on TE Connectivity (NYSE:TEL) is Buy (Score: 2.57) with a consensus target price of $84.00 per share, a potential 4.84% downside. Commerzbank Aktiengesellschaft FI now owns 4,975 shares of the electronics maker's stock worth $371,000 after purchasing an additional 1,389 shares in the last quarter.
Several other hedge funds have also added to or reduced their stakes in the company.
Affinity Investment Advisors Llc decreased Manpowergroup Inc (MAN) stake by 25.09% reported in 2017Q2 SEC filing. TE Connectivity Ltd. dipped to as low as $87.68 throughout the day and has returned 27.41% in this year. RBC Capital Markets maintained the stock with "Buy" rating in Thursday, October 12 report.
Shares last traded at $87.73 which is just a bit higher than $82.44, the stock's 50 day moving average and which is quite a bit higher than the 200 day moving average of $78.96. The company has market cap of $30.95 billion. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.28 billion.
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Shares of TE Connectivity closed the previous trading session at with shares trading hands. BidaskClub lowered shares of TE Connectivity from a "buy" rating to a "hold" rating in a research report on Friday, August 4th.
Netflix, Inc.is maintained at an average outperform rating by 42 stock analysts, and there are at least 6.27% of shares outstanding that are now legally short sold. Royal Bank Of Canada boosted their price target on shares of TE Connectivity from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company's stock.
Among 8 analysts covering TE Connectivity (NYSE:TEL), 5 have Buy rating, 1 Sell and 2 Hold. (NYSE:TEL) opened at 79.12 on Wednesday. TE Connectivity now has an average rating of "Hold" and a consensus price target of $85.00. The value of the investment in TEL went from $1,603,000 to $1,660,000 increasing 3.6% quarter to quarter. TE Connectivity had a net margin of 12.98% and a return on equity of 19.76%. Following the transaction, the insider now directly owns 504,884 shares of the company's stock, valued at $40,264,499. The firm's revenue was up 7.9% on a year-over-year basis.
As of quarter end Louisiana State Employees Retirement System had acquired a total of 100 shares growing its position 0.5%. Paloma Prtnrs Management Co stated it has 0% of its portfolio in TE Connectivity Ltd (NYSE:TEL). During the same quarter in the prior year, the business earned $1.08 earnings per share.
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TRADEMARK VIOLATION WARNING: "TE Connectivity Ltd. (TEL) Given "Buy" Rating at Stifel Nicolaus" was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. As of the last earnings report the EPS was $4.71 and is expected to be $4.75 for the current year with 353,384,000 shares now outstanding.
Hedge funds and other institutional investors own 90.09% of the company's stock. If you are viewing this report on another site, it was stolen and reposted in violation of U.S. and worldwide trademark and copyright legislation. The legal version of this piece of content can be viewed at https://www.truebluetribune.com/2017/10/19/achmea-investment-management-b-v-grows-stake-in-te-connectivity-ltd-tel.html. Wellington Management Group LLP now owns 139,318 shares of the electronics maker's stock valued at $10,387,000 after acquiring an additional 67,715 shares during the period. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
On 8/2/2017 Steven T Merkt, Insider, sold 126,190 with an average share price of $80.09 per share and the total transaction amounting to $10,106,557.10. Following the transaction, the chief operating officer now directly owns 93,484 shares of the company's stock, valued at approximately $7,481,524.52. In the last ninety days, insiders have sold 693,747 shares of company stock valued at $55,780,069.
On 5/10/2017 TE Connectivity announced a quarterly dividend of $0.40 with an ex dividend date of 5/24/2017 which will be payable on 6/9/2017. The disclosure for this sale can be found here. The Firm creates and makes connectivity and sensors solutions. TE Connectivity Ltd (NYSE:TEL) has risen 29.30% since October 19, 2016 and is uptrending. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.
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