TE Connectivity (NYSE:TEL) Authorizes Share Repurchase Plan

TE Connectivity (NYSE:TEL) declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 11th, RTT News reports. The company plans to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to buy up to 5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TEL has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Barclays boosted their target price 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. Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. Finally, Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.93.

TE Connectivity Stock Performance

TE Connectivity stock opened at $205.31 on Thursday. The firm’s 50 day simple moving average is $226.80 and its 200 day simple moving average is $225.92. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $250.67. The firm has a market capitalization of $60.24 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, analysts expect that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm 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 1.4%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio is currently 40.98%.

Insider Buying and Selling at TE Connectivity

In other news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the sale, the executive vice president owned 21,810 shares in the company, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $222.52, for a total value of $2,091,688.00. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,780,179.52. The trade was a 26.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,945 shares of company stock valued at $7,528,616 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

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.