TE Connectivity (NYSE:TEL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TE Connectivity (NYSE:TELFree Report) from a hold rating to a buy rating in a research report report published on Sunday.

A number of other equities research analysts also recently weighed in on the company. Evercore reiterated an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. UBS Group reaffirmed a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. Finally, Wells Fargo & Company cut their target price on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $251.15.

View Our Latest Stock Report on TE Connectivity

TE Connectivity Stock Performance

Shares of TEL opened at $201.89 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $205.97 and its two-hundred day simple moving average is $211.78. TE Connectivity has a 12 month low of $190.27 and a 12 month high of $252.56. The stock has a market capitalization of $58.45 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16.

TE Connectivity (NYSE:TELGet Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the company posted $2.27 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, analysts predict that TE Connectivity will post 11.48 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TEL. California State Teachers Retirement System lifted its position in shares of TE Connectivity by 19,772.4% during the 2nd quarter. California State Teachers Retirement System now owns 92,477,499 shares of the electronics maker’s stock worth $18,644,389,000 after buying an additional 92,012,142 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of TE Connectivity by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock worth $8,741,226,000 after buying an additional 168,142 shares during the last quarter. State Street Corp grew its holdings in shares of TE Connectivity by 0.6% in the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock valued at $2,981,572,000 after acquiring an additional 76,292 shares in the last quarter. Wellington Management Group LLP increased its position in shares of TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after acquiring an additional 2,507,569 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock valued at $1,425,669,000 after acquiring an additional 161,967 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

TE Connectivity Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for TE Connectivity (NYSE:TEL)

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