TE Connectivity (NYSE:TEL) Lowered to “Hold” Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of TE Connectivity (NYSE:TEL – Free Report) from a buy rating to a hold rating in a report issued on Saturday.

A number of other equities research analysts have also weighed in on the stock. Citigroup reduced their price objective on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. UBS Group reissued a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a report on Thursday, July 23rd. Robert W. Baird cut their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Evercore reaffirmed an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a report on Monday, June 22nd. Finally, Barclays upped their price objective on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.15.

Read Our Latest Research Report on TEL

TE Connectivity Stock Performance

Shares of TEL opened at $216.43 on Friday. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56. The stock has a market capitalization of $62.66 billion, a PE ratio of 21.22, a PEG ratio of 1.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The stock has a 50-day simple moving average of $206.67 and a 200-day simple moving average of $212.83.

TE Connectivity (NYSE:TEL – Get Free Report) last released its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, analysts predict that TE Connectivity will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TE Connectivity

A number of institutional investors have recently modified their holdings of TEL. Gulf International Bank UK Ltd grew its position in TE Connectivity by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock worth $3,412,000 after purchasing an additional 44 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after buying an additional 45 shares during the last quarter. CYBER HORNET ETFs LLC boosted its stake in shares of TE Connectivity by 5.6% during the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after buying an additional 47 shares during the period. Harbour Investments Inc. grew its holdings in shares of TE Connectivity by 4.2% during the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after buying an additional 48 shares during the last quarter. Finally, Security National Bank of SO Dak grew its stake in shares of TE Connectivity by 0.5% in the 2nd quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after purchasing an additional 50 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

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.

Featured Stories