Brokerages Set TE Connectivity Ltd. (NYSE:TEL) Target Price at $249.47

TE Connectivity Ltd. (NYSE:TEL) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $249.4667.

TEL has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Oppenheimer raised their target price on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’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 value of $333,777.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the sale, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This trade represents a 22.01% decrease in their position. 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 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Institutional Trading of TE Connectivity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEL. Vanguard Group Inc. grew its holdings in shares of TE Connectivity by 0.4% during the 4th 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. Dodge & Cox grew its holdings in shares of TE Connectivity by 6.3% during the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after purchasing an additional 1,017,323 shares in the last quarter. State Street Corp grew its holdings 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 worth $2,981,572,000 after purchasing an additional 76,292 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of TE Connectivity by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock worth $1,185,474,000 after purchasing an additional 464,853 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of TE Connectivity by 2.6% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.5%

Shares of TEL stock opened at $210.06 on Friday. The stock’s 50 day simple moving average is $216.29 and its 200 day simple moving average is $225.35. 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 twelve month low of $116.30 and a twelve month high of $250.67. The company has a market capitalization of $61.64 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.59 and a beta of 1.26.

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 for the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the business earned $1.95 EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, research analysts predict that TE Connectivity will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

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

TE Connectivity announced that its board has initiated a share buyback plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.