Analysts Set TE Connectivity Ltd. (NYSE:TEL) Price Target at $251.15

TE Connectivity Ltd. (NYSE:TEL) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $251.1538.

A number of equities research analysts have recently issued reports on TEL shares. Citigroup cut their price objective on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Wells Fargo & Company decreased their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Robert W. Baird cut their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Finally, Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JNBA Financial Advisors raised its holdings in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in shares of TE Connectivity in the second quarter worth about $34,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of TE Connectivity during the fourth quarter worth about $40,000. MV Capital Management Inc. purchased a new stake in shares of TE Connectivity during the fourth quarter worth about $41,000. Finally, Cornerstone Planning Group LLC raised its stake in TE Connectivity by 118.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 3.2%

TE Connectivity stock opened at $208.78 on Tuesday. TE Connectivity has a one year low of $190.27 and a one year high of $252.56. The stock has a fifty day moving average of $205.41 and a 200 day moving average of $210.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The stock has a market cap of $60.44 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion during 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 business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, sell-side analysts predict 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 dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is presently 30.59%.

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.