TE Connectivity (NYSE:TEL) Upgraded at Zacks Research

Zacks Research upgraded shares of TE Connectivity (NYSE:TEL) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

TEL has been the subject of a number of other reports. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Barclays increased their price target on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, The Goldman Sachs Group set a $306.00 target price on TE Connectivity in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $250.86.

TE Connectivity Stock Down 1.6%

Shares of TEL stock opened at $222.58 on Wednesday. TE Connectivity has a 52-week low of $116.30 and a 52-week high of $250.67. The stock has a market cap of $65.31 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.72 and a beta of 1.24. The firm’s 50-day moving average is $230.79 and its 200-day moving average is $220.93. 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 (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping 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 firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The business’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. Sell-side analysts predict that TE Connectivity will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s payout ratio is currently 40.98%.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC raised its holdings in shares of TE Connectivity by 11.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after buying an additional 43 shares in the last quarter. Webster Bank N. A. grew its position in TE Connectivity by 19.1% in the fourth quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock valued at $65,000 after acquiring an additional 46 shares during the last quarter. Great Lakes Advisors LLC raised its stake in TE Connectivity by 3.4% during the third quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock worth $320,000 after acquiring an additional 48 shares in the last quarter. Dakota Community Bank & Trust NA boosted its stake in shares of TE Connectivity by 5.4% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock valued at $209,000 after purchasing an additional 49 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its stake in shares of TE Connectivity by 1.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 3,074 shares of the electronics maker’s stock valued at $699,000 after purchasing an additional 49 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

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.