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

Key Points

• TE Connectivity Ltd. has received an average recommendation of "Moderate Buy" from 16 ratings firms, with price targets ranging from $200 to $263.
• The company reported $2.27 EPS for the last quarter, exceeding analyst estimates and showing a 13.9% year-over-year revenue increase.
• TE Connectivity declared a quarterly dividend of $0.71 per share, representing an annualized dividend yield of 1.3% and a payout ratio of 58.80%.

Shares of TE Connectivity Ltd. (NYSE:TEL - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $219.9167.

Several research firms have commented on TEL. Evercore ISI upped their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. The Goldman Sachs Group upped their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the company a "buy" rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of TE Connectivity in a report on Wednesday. Citigroup upped their price objective on shares of TE Connectivity from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, Bank of America upped their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, July 10th.

TE Connectivity Price Performance

TEL opened at $214.55 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96. The company has a market capitalization of $63.40 billion, a price-to-earnings ratio of 44.42, a P/E/G ratio of 2.41 and a beta of 1.26. The firm's fifty day moving average price is $210.41 and its two-hundred day moving average price is $177.07. TE Connectivity has a 1 year low of $116.30 and a 1 year high of $226.40.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, analysts anticipate that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity's dividend payout ratio is currently 58.80%.

Insider Buying and Selling

In other news, SVP Malavika Sagar sold 1,945 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president directly owned 4,716 shares in the company, valued at $977,155.20. This represents a 29.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Aaron Kyle Stucki sold 52,900 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,545 shares of company stock valued at $25,040,158. Corporate insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On TE Connectivity

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Princeton Global Asset Management LLC bought a new position in shares of TE Connectivity in the second quarter worth approximately $26,000. Costello Asset Management INC bought a new position in shares of TE Connectivity in the first quarter worth approximately $28,000. Neo Ivy Capital Management bought a new position in shares of TE Connectivity in the second quarter worth approximately $30,000. Salomon & Ludwin LLC increased its position in shares of TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker's stock worth $31,000 after purchasing an additional 66 shares during the last quarter. Finally, Caldwell Trust Co bought a new position in shares of TE Connectivity in the second quarter worth approximately $31,000. 91.43% of the stock is currently owned by institutional investors.

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.

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