TE Connectivity (NYSE:TEL) Sets New 1-Year High After Dividend Announcement

Key Points

• TE Connectivity's stock reached a new 52-week high at $213.43 following the announcement of a $0.71 dividend, scheduled for payout on December 12th.
• Several research firms have adjusted their price targets, with Citigroup raising its target to $230.00 and Truist Financial lifting it to $200.00, reflecting strong investor confidence.
• In recent insider trading, executives sold a significant number of shares, leading to a 65.06% decrease in one executive's stock ownership, indicating potential concerns about stock valuation.

TE Connectivity Ltd. (NYSE:TEL - Get Free Report) hit a new 52-week high during trading on Thursday following a dividend announcement from the company. The stock traded as high as $213.43 and last traded at $212.61, with a volume of 152400 shares trading hands. The stock had previously closed at $210.35.The newly announced dividend which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity's payout ratio is 58.80%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TEL. KGI Securities upgraded shares of TE Connectivity to a "hold" rating in a research report on Thursday, July 24th. Truist Financial lifted their price target on shares of TE Connectivity from $156.00 to $200.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Citigroup boosted their price objective on shares of TE Connectivity from $200.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group boosted their price objective on shares of TE Connectivity from $185.00 to $201.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Wall Street Zen downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and an average price target of $199.55.

TE Connectivity Trading Up 1.1%

The business's 50 day simple moving average is $196.87 and its two-hundred day simple moving average is $166.60. The stock has a market cap of $62.84 billion, a P/E ratio of 44.02, a PEG ratio of 2.48 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its 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 firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company's revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the sale, the executive vice president owned 24,625 shares of the company's stock, valued at $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the sale, the insider directly owned 23,667 shares in the company, valued at approximately $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,645 shares of company stock worth $27,267,158. Company insiders own 0.90% of the company's stock.

Institutional Trading of TE Connectivity

A number of institutional investors have recently bought and sold shares of TEL. Vanguard Group Inc. boosted its position in TE Connectivity by 17.0% during 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 acquiring an additional 5,502,415 shares during the last quarter. Norges Bank bought a new stake in TE Connectivity during the second quarter valued at $609,158,000. Valeo Financial Advisors LLC boosted its position in TE Connectivity by 39,846.0% during the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker's stock valued at $299,490,000 after acquiring an additional 1,771,153 shares during the last quarter. Bank of America Corp DE boosted its position in TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker's stock valued at $1,058,390,000 after acquiring an additional 1,352,152 shares during the last quarter. Finally, Nuveen LLC bought a new stake in TE Connectivity during the first quarter valued at $174,700,000. Institutional investors own 91.43% of the company's stock.

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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