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

Key Points

• TE Connectivity has a consensus “Moderate Buy” rating from 15 analysts, with eight buys, six holds and one strong buy. The average 12-month price target is $251.15, above the reported share price of $205.47.
• The company’s latest quarterly results exceeded expectations, with adjusted earnings of $2.94 per share versus a $2.85 estimate and revenue of $5.16 billion versus $5.01 billion expected. Revenue increased 13.8% year over year.
• TE Connectivity declared a quarterly dividend of $0.78 per share, equivalent to $3.12 annually and a 1.5% yield; institutional investors own 91.43% of the company.

Shares of TE Connectivity Ltd. (NYSE:TEL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $251.1538.

Several research firms have recently weighed in on TEL. Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a research report on Friday, July 24th. Citigroup decreased their target price on shares of TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Robert W. Baird lowered their price target on TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Finally, Wells Fargo & Company cut their price objective on TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating for the company in a report on Thursday, July 23rd.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors have recently made changes to their positions in the business. JNBA Financial Advisors increased its holdings in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock valued at $26,000 after buying an additional 51 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in shares of TE Connectivity during the 2nd quarter worth $34,000. Commonwealth Retirement Investments LLC purchased a new position in shares of TE Connectivity during the 4th quarter worth $40,000. MV Capital Management Inc. bought a new stake in shares of TE Connectivity during the 4th quarter valued at $41,000. Finally, Cornerstone Planning Group LLC grew its position in shares of TE Connectivity by 118.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker's stock valued at $43,000 after acquiring an additional 104 shares during the period. Institutional investors own 91.43% of the company's stock.

TE Connectivity Trading Up 1.4%

Shares of NYSE:TEL opened at $205.47 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56. The company has a market cap of $59.49 billion, a P/E ratio of 20.14, a PEG ratio of 1.36 and a beta of 1.16. The stock's fifty day moving average price is $205.09 and its 200-day moving average price is $211.35.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the company earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts expect that TE Connectivity will post 11.48 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. 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 payout ratio is currently 30.59%.

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.

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