TE Connectivity (NYSE:TEL) Given Buy Rating at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of TE Connectivity (NYSE:TEL) in a report released on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a $250.00 target price on the electronics maker’s stock, down from their previous target price of $280.00.

A number of other equities analysts have also recently weighed in on TEL. Oppenheimer raised their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, February 13th. UBS Group upped their target price on 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 increased their price target 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. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Wells Fargo & Company cut their price objective on shares of TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating for the company in a research note on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $249.47.

TE Connectivity Stock Up 5.1%

Shares of NYSE:TEL opened at $208.78 on Tuesday. The firm has a market capitalization of $61.26 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. 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 has a 52-week low of $116.30 and a 52-week high of $250.67. The firm has a fifty day moving average of $217.73 and a 200 day moving average of $225.46.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating 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 business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, research analysts anticipate that TE Connectivity will post 8.05 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to purchase up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

TE Connectivity Increases Dividend

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

Insiders Place Their Bets

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the firm’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 in the company, valued at $4,859,486.10. This represents a 22.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,945 shares of company stock valued at $7,528,616 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of TE Connectivity during the fourth quarter worth about $25,000. Caitlin John LLC purchased a new position in TE Connectivity during the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd purchased a new position in TE Connectivity during the 3rd quarter valued at about $29,000. Caldwell Trust Co bought a new position in TE Connectivity during the 2nd quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. lifted its holdings in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 91.43% 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.