TE Connectivity (NYSE:TEL) Price Target Raised to $240.00 at Truist Financial

TE Connectivity (NYSE:TEL) had its target price lifted by Truist Financial from $239.00 to $240.00 in a research note published on Friday morning, MarketBeat reports. Truist Financial currently has a hold rating on the electronics maker’s stock.

Several other research firms have also commented on TEL. Cowen reiterated a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. TD Cowen increased their price target on shares of TE Connectivity from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, November 17th. JPMorgan Chase & Co. lifted their price target on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company lifted their target price on TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.85.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $230.18 on Friday. The firm has a market cap of $67.72 billion, a PE ratio of 37.43, a PEG ratio of 1.73 and a beta of 1.25. The stock has a 50 day moving average of $232.70 and a 200 day moving average of $207.71. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. TE Connectivity has a 12 month low of $116.30 and a 12 month high of $250.67.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The business had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the firm earned $1.95 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, research analysts expect that TE Connectivity will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 46.18%.

Insider Buying and Selling at TE Connectivity

In other news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the transaction, the chief financial officer directly owned 45,503 shares in the company, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares of the company’s stock, valued at $5,178,300.19. The trade was a 54.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of TE Connectivity

Institutional investors and hedge funds have recently modified their holdings of the stock. Princeton Global Asset Management LLC purchased a new position in TE Connectivity during the 2nd quarter worth $26,000. Caitlin John LLC bought a new position in shares of TE Connectivity during the 3rd quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TE Connectivity during the third quarter valued at $29,000. Neo Ivy Capital Management purchased a new stake in TE Connectivity in the second quarter worth about $30,000. Finally, Salomon & Ludwin LLC grew its holdings in TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

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.