TE Connectivity (NYSE:TEL) Cut to Hold at Zacks Research

Zacks Research downgraded shares of TE Connectivity (NYSE:TEL) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Citigroup upped their target price on TE Connectivity from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating on shares of TE Connectivity in a report on Friday, July 11th. Wall Street Zen downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 31st. Evercore ISI increased their price target on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Finally, Robert W. Baird set a $232.00 target price on shares of TE Connectivity in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $202.91.

TE Connectivity Stock Performance

NYSE TEL opened at $217.16 on Wednesday. TE Connectivity has a 52-week low of $116.30 and a 52-week high of $221.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The company has a market capitalization of $64.17 billion, a P/E ratio of 44.96, a P/E/G ratio of 2.55 and a beta of 1.23. The company has a fifty day moving average of $206.40 and a 200-day moving average of $171.94.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping the consensus estimate 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 net margin of 8.78% and a return on equity of 20.22%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities research analysts predict that TE Connectivity will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity’s payout ratio is currently 58.80%.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the transaction, the insider owned 23,667 shares of the company’s stock, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is owned by company insiders.

Institutional Trading of TE Connectivity

A number of hedge funds have recently added to or reduced their stakes in TEL. Vanguard Group Inc. raised its position in shares of TE Connectivity by 17.0% in the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock valued at $5,353,401,000 after buying an additional 5,502,415 shares during the last quarter. Norges Bank acquired a new stake in shares of TE Connectivity in the second quarter valued at about $609,158,000. Valeo Financial Advisors LLC grew its holdings in shares of TE Connectivity by 39,846.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock valued at $299,490,000 after purchasing an additional 1,771,153 shares during the period. Bank of America Corp DE grew its holdings in shares of TE Connectivity by 27.5% in 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 purchasing an additional 1,352,152 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of TE Connectivity in the first quarter valued at about $174,700,000. 91.43% of the stock is 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.