TE Connectivity (NYSE:TEL) Price Target Lowered to $214.00 at Wells Fargo & Company

TE Connectivity (NYSE:TEL) had its price objective reduced by Wells Fargo & Company from $249.00 to $214.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the electronics maker’s stock.

TEL has been the topic of several other reports. Oppenheimer raised their target price on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. UBS Group increased their price objective on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Truist Financial boosted their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” 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. Finally, Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $249.47.

TE Connectivity Price Performance

NYSE TEL opened at $208.78 on Tuesday. The business’s fifty day moving average price is $217.73 and its 200-day moving average price is $225.46. The stock has a market capitalization of $61.26 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.51 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. TE Connectivity has a 1-year low of $116.30 and a 1-year high of $250.67.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping the consensus estimate of $2.55 by $0.17. The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.TE Connectivity’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities analysts predict that TE Connectivity will post 8.05 earnings per share for the current year.

TE Connectivity announced that its board has initiated a stock buyback program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio is presently 40.98%.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,780,179.52. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 32,945 shares of company stock worth $7,528,616. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On TE Connectivity

Institutional investors have recently bought and sold shares of the stock. J. Safra Sarasin Holding AG grew its holdings in TE Connectivity by 132.5% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker’s stock valued at $2,952,000 after buying an additional 7,664 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of TE Connectivity by 7.0% during the 3rd quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock worth $73,849,000 after acquiring an additional 21,882 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of TE Connectivity by 3.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,662,615 shares of the electronics maker’s stock worth $363,215,000 after acquiring an additional 56,833 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of TE Connectivity by 11.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker’s stock valued at $10,369,000 after acquiring an additional 4,813 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of TE Connectivity in the third quarter valued at $2,419,000. 91.43% of the stock is owned by hedge funds and other 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.