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

Shares of TE Connectivity Ltd. (NYSE:TEL) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $251.36.

Several analysts recently weighed in on TEL shares. Barclays increased their target price on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Evercore reiterated an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a report on Monday, June 22nd. Sanford C. Bernstein assumed coverage on TE Connectivity in a research report on Wednesday, September 23rd. They issued an “outperform” rating and a $243.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research note on Friday, September 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th.

TE Connectivity Stock Performance

NYSE:TEL opened at $211.56 on Friday. The firm has a market capitalization of $61.25 billion, a PE ratio of 20.74, a PEG ratio of 1.42 and a beta of 1.16. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $208.71 and its 200 day simple moving average is $209.17.

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

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio is currently 30.59%.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEL. State Street Corp lifted its position in shares of TE Connectivity by 5.7% in the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after acquiring an additional 730,084 shares during the period. Wellington Management Group LLP increased its position in shares of TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after purchasing an additional 2,507,569 shares during the period. Geode Capital Management LLC increased its position in shares of TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock valued at $1,425,669,000 after purchasing an additional 161,967 shares during the period. Bank of New York Mellon Corp raised its stake in shares of TE Connectivity by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after purchasing an additional 144,353 shares in the last quarter. Finally, Norges Bank bought a new position in TE Connectivity in the fourth quarter worth $938,706,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.