TE Connectivity (NYSE:TEL) Stock Price Down 8.3% – Here’s What Happened

TE Connectivity Ltd. (NYSE:TEL)’s share price traded down 8.3% during mid-day trading on Monday . The stock traded as low as $213.91 and last traded at $211.0110. 1,234,015 shares traded hands during trading, a decline of 44% from the average session volume of 2,204,687 shares. The stock had previously closed at $230.15.

Analyst Ratings Changes

Several equities analysts have weighed in on TEL shares. Truist Financial boosted their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. The Goldman Sachs Group set a $306.00 price target on shares of TE Connectivity in a research report on Wednesday, January 21st. Oppenheimer upped their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, February 13th. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Finally, Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $251.93.

TE Connectivity Stock Up 2.5%

The business has a 50 day simple moving average of $229.70 and a 200 day simple moving average of $225.91. The company has a market capitalization of $61.44 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the firm posted $1.95 earnings per share. The company’s revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity’s payout ratio is 40.98%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at $5,780,179.52. This represents a 26.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the transaction, the executive vice president owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,945 shares of company stock valued at $7,528,616 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Several institutional investors have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity in the fourth quarter valued at $25,000. Caitlin John LLC purchased a new position in shares of TE Connectivity in the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TE Connectivity during the 3rd quarter worth about $29,000. Neo Ivy Capital Management purchased a new stake in TE Connectivity during the second quarter worth approximately $30,000. Finally, Caldwell Trust Co acquired a new position in TE Connectivity in the second quarter valued at approximately $31,000. 91.43% of the stock is owned by hedge funds and other 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.