Shares of TE Connectivity Ltd. (NYSE:TEL – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $248.2308.
Several equities research analysts recently issued reports on the company. 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. Wells Fargo & Company raised their price target on shares of TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 9th. Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Barclays raised their target price on shares of TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th.
Get Our Latest Research Report on TE Connectivity
TE Connectivity Stock Performance
TE Connectivity (NYSE:TEL – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the company earned $1.95 earnings per share. TE Connectivity’s quarterly revenue was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Equities analysts forecast that TE Connectivity will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.
Insider Buying and Selling at TE Connectivity
In other news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the transaction, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the sale, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company’s stock.
Hedge Funds Weigh In On TE Connectivity
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC acquired a new position in TE Connectivity during the 2nd quarter worth $26,000. Caitlin John LLC bought a new stake in shares of TE Connectivity during the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new stake in TE Connectivity in the third quarter worth about $29,000. Neo Ivy Capital Management bought a new position in TE Connectivity in the 2nd quarter valued at about $30,000. Finally, Salomon & Ludwin LLC increased its stake in TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after buying an additional 66 shares during the period. 91.43% of the stock is owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than TE Connectivity
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- How a Family Trust May Be Able To Help Preserve Your Wealth
- A U.S. “birthright” claim worth trillions – activated quietly
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- NEW LAW: Congress Approves Setup For Digital Dollar?
Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.
