TE Connectivity Ltd. (NYSE:TEL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TE Connectivity Ltd. (NYSE:TEL) have earned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $251.1538.

Several research firms have recently commented on TEL. Robert W. Baird cut their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a research report on Thursday, April 23rd. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, UBS Group reaffirmed a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a report on Thursday, July 23rd.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Institutional Trading of TE Connectivity

Institutional investors have recently modified their holdings of the business. Gulf International Bank UK Ltd lifted its holdings in TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after acquiring an additional 44 shares during the period. MCF Advisors LLC grew its stake in shares of TE Connectivity by 14.1% during the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 45 shares during the period. Webster Bank N. A. increased its holdings in shares of TE Connectivity by 19.1% in the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 46 shares in the last quarter. CYBER HORNET ETFs LLC increased its holdings in shares of TE Connectivity by 5.6% in the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after purchasing an additional 47 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of TE Connectivity by 4.2% in the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock valued at $271,000 after purchasing an additional 48 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

NYSE TEL opened at $214.59 on Friday. The firm has a market cap of $62.13 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.43 and a beta of 1.16. TE Connectivity has a 52-week low of $190.27 and a 52-week high of $252.56. The business’s 50-day moving average price is $206.60 and its 200 day moving average price is $212.80. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the business earned $2.27 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities research analysts expect that TE Connectivity will post 11.48 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s payout ratio is currently 30.59%.

About TE Connectivity

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.