TE Connectivity (NYSE:TEL) Reaches New 12-Month High After Dividend Announcement

TE Connectivity Ltd. (NYSE:TEL)’s stock price hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The company traded as high as $213.43 and last traded at $212.61, with a volume of 152400 shares traded. The stock had previously closed at $210.35.

The newly announced dividend which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 58.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TEL shares. Citigroup lifted their price objective on TE Connectivity from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Bank of America lifted their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Truist Financial lifted their price objective on TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 24th. KGI Securities upgraded TE Connectivity to a “hold” rating in a report on Thursday, July 24th. Finally, Evercore ISI lifted their price objective on TE Connectivity from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.55.

TE Connectivity Trading Up 1.2%

The stock has a 50 day simple moving average of $197.64 and a 200-day simple moving average of $167.01. The firm has a market capitalization of $62.88 billion, a P/E ratio of 44.06, a P/E/G ratio of 2.50 and a beta of 1.23. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John S. Jenkins sold 45,850 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 24,625 shares of the company’s stock, valued at approximately $5,154,751.25. This trade represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,645 shares of company stock valued at $27,267,158. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TEL. Osaic Holdings Inc. increased its position in shares of TE Connectivity by 15.6% in the second quarter. Osaic Holdings Inc. now owns 25,696 shares of the electronics maker’s stock valued at $4,291,000 after buying an additional 3,459 shares in the last quarter. Midwestern Financial LLC IA purchased a new stake in shares of TE Connectivity in the second quarter valued at approximately $391,000. Stance Capital LLC purchased a new stake in shares of TE Connectivity in the second quarter valued at approximately $1,349,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of TE Connectivity in the second quarter valued at approximately $1,250,000. Finally, Asset Dedication LLC increased its position in shares of TE Connectivity by 26.9% in the second quarter. Asset Dedication LLC now owns 623 shares of the electronics maker’s stock valued at $105,000 after buying an additional 132 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Company Profile

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.