TE Connectivity Ltd. (NYSE:TEL) Receives $251.93 Average PT from Analysts

Shares of TE Connectivity Ltd. (NYSE:TEL) have been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $251.9286.

TEL has been the topic of a number of research analyst reports. Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. UBS Group upped their price target on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Finally, Truist Financial increased their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd.

Insiders Place Their Bets

In related news, SVP Reuben M. Shaffer sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the transaction, the executive vice president owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,945 shares of company stock valued at $7,528,616 over the last quarter. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On TE Connectivity

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in TE Connectivity in the 4th quarter valued at about $938,706,000. J. Stern & Co. LLP bought a new position in TE Connectivity in the 4th quarter worth about $445,402,000. Arrowstreet Capital Limited Partnership increased its stake in shares of TE Connectivity by 124.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock valued at $706,457,000 after purchasing an additional 1,721,235 shares during the period. Bank of America Corp DE raised its holdings in shares of 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 buying an additional 1,352,152 shares during the last quarter. Finally, Dodge & Cox raised its holdings in shares of TE Connectivity by 6.3% during the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after buying an additional 1,017,323 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL opened at $203.58 on Tuesday. The company has a market capitalization of $59.74 billion, a P/E ratio of 29.38, a PEG ratio of 1.52 and a beta of 1.23. The company has a 50-day moving average of $224.97 and a 200-day moving average of $225.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $250.67.

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

TE Connectivity announced that its board has authorized a stock repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to buy up to 5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is currently 40.98%.

About TE Connectivity

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.