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

Shares of TE Connectivity Ltd. (NYSE:TEL) have been assigned an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $256.7857.

Several brokerages have commented on TEL. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a report on Wednesday, April 22nd. Barclays raised their price objective on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a report on Thursday, April 23rd. Finally, Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock worth $6,140,644 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TE Connectivity

Several large investors have recently made changes to their positions in TEL. Kohmann Bosshard Financial Services LLC purchased a new position in shares of TE Connectivity during the fourth quarter valued at approximately $25,000. Caitlin John LLC purchased a new position in shares of TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in TE Connectivity in the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its holdings in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity in the 4th quarter worth approximately $40,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Down 2.4%

NYSE TEL opened at $211.73 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The stock has a market capitalization of $61.80 billion, a PE ratio of 21.63, a PEG ratio of 1.54 and a beta of 1.16. TE Connectivity has a 1 year low of $162.17 and a 1 year high of $252.56. The business’s 50-day moving average is $214.83 and its 200 day moving average is $220.44.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.TE Connectivity’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Sell-side analysts forecast that TE Connectivity will post 11.28 earnings per share for the current year.

TE Connectivity declared that its board has initiated a stock buyback plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to purchase up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

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.