TE Connectivity Q4 EPS Estimate Reduced by Zacks Research

TE Connectivity Ltd. (NYSE:TEL - Free Report) - Analysts at Zacks Research dropped their Q4 2026 earnings per share estimates for shares of TE Connectivity in a research note issued to investors on Wednesday, May 14th. Zacks Research analyst A. Ganguly now anticipates that the electronics maker will post earnings of $2.31 per share for the quarter, down from their previous estimate of $2.34. The consensus estimate for TE Connectivity's current full-year earnings is $8.05 per share.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.14. TE Connectivity had a return on equity of 18.82% and a net margin of 12.10%. The firm had revenue of $4.14 billion during the quarter, compared to analysts' expectations of $3.97 billion. During the same period in the previous year, the firm earned $1.86 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year.

Several other equities research analysts have also commented on TEL. Robert W. Baird upped their target price on TE Connectivity from $147.00 to $153.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price target on TE Connectivity from $148.00 to $156.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. UBS Group reissued a "buy" rating and issued a $163.00 target price (up from $155.00) on shares of TE Connectivity in a research report on Thursday, April 24th. Vertical Research upgraded TE Connectivity from a "hold" rating to a "buy" rating and set a $170.00 price target for the company in a research report on Friday, April 25th. Finally, The Goldman Sachs Group dropped their price objective on TE Connectivity from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $160.30.

TE Connectivity Price Performance

TEL traded down $1.20 on Monday, reaching $157.71. The stock had a trading volume of 1,298,975 shares, compared to its average volume of 1,703,479. The firm has a 50-day moving average of $143.56 and a 200-day moving average of $146.95. TE Connectivity has a fifty-two week low of $116.30 and a fifty-two week high of $164.11. The company has a market capitalization of $46.77 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On TE Connectivity

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new stake in shares of TE Connectivity during the 4th quarter valued at about $909,598,000. Vanguard Group Inc. boosted its holdings in shares of TE Connectivity by 17.0% in the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker's stock valued at $5,353,401,000 after buying an additional 5,502,415 shares during the period. Norges Bank bought a new stake in shares of TE Connectivity in the fourth quarter worth $508,199,000. Clearbridge Investments LLC raised its position in TE Connectivity by 72.1% during the fourth quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker's stock worth $581,148,000 after acquiring an additional 1,702,825 shares in the last quarter. Finally, Nuveen LLC bought a new stake in TE Connectivity during the first quarter worth $174,700,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 20,400 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $162.85, for a total value of $3,322,140.00. Following the sale, the executive vice president now owns 24,625 shares in the company, valued at approximately $4,010,181.25. This represents a 45.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $146.77, for a total transaction of $3,669,250.00. Following the completion of the transaction, the insider now owns 25,976 shares of the company's stock, valued at approximately $3,812,497.52. This trade represents a 49.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 174,675 shares of company stock valued at $27,062,559. Company insiders own 0.90% of the company's stock.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st 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 1.80%. This is a boost from TE Connectivity's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity's dividend payout ratio (DPR) is 62.42%.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.