TE Connectivity (NYSE:TEL) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

TE Connectivity (NYSE:TEL) announced its earnings results on Wednesday. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.10, FiscalAI reports. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%. TE Connectivity updated its Q4 2026 guidance to 3.050-3.050 EPS.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $209.02 on Wednesday. The firm has a market capitalization of $61.01 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 1.42 and a beta of 1.17. TE Connectivity has a one year low of $177.21 and a one year high of $252.56. The business has a fifty day simple moving average of $205.72 and a 200 day simple moving average of $215.53. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is presently 31.87%.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of TE Connectivity

Several institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in TE Connectivity by 0.6% in the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock worth $2,981,572,000 after purchasing an additional 76,292 shares in the last quarter. Bank of America Corp DE lifted its stake in TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the period. Morgan Stanley boosted its holdings in TE Connectivity by 2.9% during the fourth quarter. Morgan Stanley now owns 3,620,434 shares of the electronics maker’s stock valued at $823,686,000 after purchasing an additional 101,492 shares in the last quarter. Invesco Ltd. grew its stake in shares of TE Connectivity by 6.2% in the 4th quarter. Invesco Ltd. now owns 3,136,664 shares of the electronics maker’s stock valued at $713,622,000 after purchasing an additional 182,420 shares during the period. Finally, Northern Trust Corp grew its stake in shares of TE Connectivity by 0.7% in the 3rd quarter. Northern Trust Corp now owns 2,792,473 shares of the electronics maker’s stock valued at $613,032,000 after purchasing an additional 18,294 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEL has been the subject of a number of research analyst reports. Barclays upped their price target on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research note on Wednesday, April 22nd. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Truist Financial decreased their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.31.

TE Connectivity News Roundup

Here are the key news stories impacting TE Connectivity this week:

• Positive Sentiment: TE Connectivity posted Q3 adjusted EPS of $2.94, ahead of estimates, while sales rose 14% year over year to a record $5.16 billion, signaling solid demand across its Industrial and Transportation businesses. Article Title
• Positive Sentiment: The company guided fourth-quarter EPS to $3.05, above consensus, and revenue to about $5.3 billion, also above expectations, which suggests momentum is continuing into the next quarter. Article Title
• Positive Sentiment: Management said demand for AI-related tools and products is helping support results, giving investors another growth driver to focus on beyond the core industrial and auto markets. Article Title
• Neutral Sentiment: Unusually heavy call-option activity appeared ahead of earnings, suggesting traders were positioned for a positive report, but it does not change the underlying fundamentals.

TE Connectivity Company Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.