TE Connectivity (TEL) Hits New 12-Month Low at $72.60

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

TEL has been the subject of several recent research reports. Royal Bank of Canada set a $114.00 target price on shares of TE Connectivity and gave the company a “buy” rating in a research report on Tuesday, September 25th. Jefferies Financial Group initiated coverage on shares of TE Connectivity in a research report on Tuesday. They set a “hold” rating and a $84.00 target price for the company. Zacks Investment Research upgraded shares of TE Connectivity from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. SunTrust Banks reiterated a “hold” rating and set a $82.00 target price on shares of TE Connectivity in a research report on Wednesday, October 31st. Finally, Robert W. Baird cut shares of TE Connectivity from an “outperform” rating to a “neutral” rating in a research report on Monday, October 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. TE Connectivity presently has a consensus rating of “Buy” and an average target price of $105.64.

The firm has a market cap of $25.97 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.41.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 31st. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.02. TE Connectivity had a net margin of 17.69% and a return on equity of 20.06%. The company had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that TE Connectivity Ltd will post 5.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 23rd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Wednesday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is 31.37%.

Hedge funds have recently made changes to their positions in the company. Commonwealth Bank of Australia boosted its stake in TE Connectivity by 2.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 40,187 shares of the electronics maker’s stock worth $3,614,000 after purchasing an additional 879 shares during the period. HPM Partners LLC boosted its stake in TE Connectivity by 43.5% in the 2nd quarter. HPM Partners LLC now owns 5,697 shares of the electronics maker’s stock worth $513,000 after purchasing an additional 1,728 shares during the period. AMP Capital Investors Ltd boosted its stake in TE Connectivity by 7.9% in the 2nd quarter. AMP Capital Investors Ltd now owns 169,363 shares of the electronics maker’s stock worth $15,254,000 after purchasing an additional 12,364 shares during the period. Bridgewater Associates LP boosted its stake in TE Connectivity by 758.6% in the 2nd quarter. Bridgewater Associates LP now owns 262,904 shares of the electronics maker’s stock worth $23,677,000 after purchasing an additional 232,285 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in TE Connectivity by 1,066.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 7,233 shares of the electronics maker’s stock worth $498,000 after purchasing an additional 6,613 shares during the period. 91.74% of the stock is owned by institutional investors.

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About TE Connectivity (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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