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

Key Points

• Analysts collectively rate TE Connectivity “Moderate Buy”: Eight analysts recommend buying, six rate it a hold, and one gives a strong-buy rating. The average 12-month price target is $251.15, above the reported share price of $215.36.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in EPS versus the $2.85 consensus and $5.16 billion in revenue versus $5.01 billion expected. Revenue increased 13.8% year over year, while analysts forecast $11.48 in full-year EPS.
• The company declared a quarterly dividend of $0.78 per share, equivalent to a $3.12 annualized payout and a 1.4% yield. Institutional investors own 91.43% of the stock, while an insider recently sold 9,400 shares under a Rule 10b5-1 plan.

Shares of TE Connectivity Ltd. (NYSE:TEL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned 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 $251.1538.

TEL has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. HSBC lowered TE Connectivity from a "buy" rating to a "hold" rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. Barclays lifted their price target on TE Connectivity from $297.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, June 15th. Truist Financial dropped their price objective on TE Connectivity from $244.00 to $240.00 and set a "hold" rating on the stock in a report on Thursday, April 23rd. Finally, Citigroup cut their target price on TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, July 13th.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $215.36 on Friday. The firm has a market capitalization of $62.35 billion, a PE ratio of 21.11, a P/E/G ratio of 1.46 and a beta of 1.16. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $206.60 and a two-hundred day moving average price of $213.38. TE Connectivity has a twelve month low of $190.27 and a twelve month high of $252.56.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities analysts forecast that TE Connectivity will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.4%. TE Connectivity's dividend payout ratio is currently 30.59%.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company's stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On TE Connectivity

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of TE Connectivity by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker's stock worth $8,741,226,000 after purchasing an additional 168,142 shares in the last quarter. State Street Corp raised its position in shares of TE Connectivity by 0.6% during the 4th quarter. State Street Corp now owns 13,105,219 shares of the electronics maker's stock valued at $2,981,572,000 after buying an additional 76,292 shares in the last quarter. Geode Capital Management LLC lifted its stake in TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker's stock worth $1,425,669,000 after purchasing an additional 161,967 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker's stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in TE Connectivity by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker's stock worth $1,001,907,000 after purchasing an additional 144,353 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

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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