TE Connectivity (NYSE:TEL – Get Free Report) released its quarterly earnings results on Wednesday. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.10, FiscalAI reports. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. TE Connectivity updated its Q4 2026 guidance to 3.050-3.050 EPS.
TE Connectivity Trading Up 2.9%
Shares of NYSE:TEL opened at $209.02 on Wednesday. The business’s 50 day simple moving average is $205.72 and its 200 day simple moving average is $215.53. TE Connectivity has a 1 year low of $177.21 and a 1 year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The company has a market capitalization of $61.01 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.42 and a beta of 1.17.
TE Connectivity Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio is currently 31.87%.
Trending Headlines about TE Connectivity
- Positive Sentiment: TE Connectivity posted Q3 adjusted EPS of $2.94, ahead of estimates, while sales rose 14% year over year to a record $5.16 billion, signaling solid demand across its Industrial and Transportation businesses. Article Title
- Positive Sentiment: The company guided fourth-quarter EPS to $3.05, above consensus, and revenue to about $5.3 billion, also above expectations, which suggests momentum is continuing into the next quarter. Article Title
- Positive Sentiment: Management said demand for AI-related tools and products is helping support results, giving investors another growth driver to focus on beyond the core industrial and auto markets. Article Title
- Neutral Sentiment: Unusually heavy call-option activity appeared ahead of earnings, suggesting traders were positioned for a positive report, but it does not change the underlying fundamentals.
Insider Buying and Selling at TE Connectivity
In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.
Institutional Investors Weigh In On TE Connectivity
Several institutional investors and hedge funds have recently bought and sold shares of TEL. Bank of America Corp DE increased its holdings in TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after buying an additional 1,352,152 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of TE Connectivity by 243.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock worth $298,383,000 after acquiring an additional 963,123 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of TE Connectivity during the 4th quarter worth approximately $102,089,000. Voloridge Investment Management LLC boosted its position in shares of TE Connectivity by 195.0% during the 3rd quarter. Voloridge Investment Management LLC now owns 580,018 shares of the electronics maker’s stock worth $127,331,000 after acquiring an additional 383,409 shares in the last quarter. Finally, Man Group plc bought a new position in TE Connectivity in the third quarter valued at approximately $76,389,000. Institutional investors own 91.43% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on TEL shares. Citigroup decreased their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 price objective on TE Connectivity in a report on Wednesday, April 22nd. UBS Group lowered their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Barclays lifted their target price on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $255.31.
View Our Latest Research Report on TEL
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.
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