TE Connectivity Ltd. (TEL) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Sixteen brokerages rate TE Connectivity a consensus “Moderate Buy,” with 11 buy ratings, four holds and one sell. The average 12-month price target is $258.07 versus the shares’ $213.44 opening price.
• Recent financial results exceeded expectations: TE Connectivity reported quarterly EPS of $2.94, above the $2.85 consensus, while revenue rose 13.8% year over year to $5.16 billion.
• Institutional ownership remains high and shareholders receive a dividend: Institutional investors and hedge funds own 91.43% of the stock, while the company declared a quarterly dividend of $0.78, equivalent to an annualized yield of about 1.5%.

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $258.07.

A number of equities research analysts have recently commented on TEL shares. Robert W. Baird upped their target price on shares of TE Connectivity from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Tuesday, October 6th. HSBC lowered their price target on TE Connectivity from $234.00 to $216.00 and set a "hold" rating on the stock in a report on Thursday, July 23rd. UBS Group boosted their price target on TE Connectivity from $241.00 to $253.00 and gave the company a "buy" rating in a research report on Wednesday, October 7th. Citigroup dropped their price target on TE Connectivity from $250.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, July 13th. Finally, Truist Financial reduced their price objective on TE Connectivity from $240.00 to $215.00 and set a "hold" rating for the company in a research note on Thursday, July 23rd.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its holdings in TE Connectivity by 11.1% during the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker's stock worth $52,506,000 after acquiring an additional 23,074 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of TE Connectivity by 324.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker's stock valued at $12,574,000 after purchasing an additional 47,691 shares during the period. QRG Capital Management Inc. lifted its stake in shares of TE Connectivity by 8.1% in the 2nd quarter. QRG Capital Management Inc. now owns 154,278 shares of the electronics maker's stock valued at $31,104,000 after purchasing an additional 11,519 shares during the period. Seascape Capital Management acquired a new position in shares of TE Connectivity in the 1st quarter valued at about $2,256,000. Finally, HighTower Advisors LLC boosted its position in shares of TE Connectivity by 59.6% during the 2nd quarter. HighTower Advisors LLC now owns 76,147 shares of the electronics maker's stock valued at $15,352,000 after purchasing an additional 28,421 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Price Performance

Shares of TEL opened at $213.44 on Wednesday. The firm has a market capitalization of $61.79 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.25 and a beta of 1.14. The firm's fifty day simple moving average is $210.13 and its 200-day simple moving average is $210.45. TE Connectivity has a twelve month low of $190.27 and a twelve month 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.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 EPS. Equities analysts forecast that TE Connectivity will post 11.46 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th 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, November 20th. TE Connectivity's payout ratio is currently 30.59%.

About TE Connectivity

TE Connectivity Ltd. NYSE: TEL is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.

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