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

by · The Cerbat Gem

Wall Street Zen upgraded shares of TE Connectivity (NYSE:TEL – Free Report) from a hold rating to a buy rating in a report issued on Sunday morning,Wall Street Zen reports.

Several other equities analysts have also recently weighed in on TEL. Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Wells Fargo & Company lifted their price objective on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday, September 11th. Robert W. Baird reduced their price objective on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Barclays increased their target price on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Finally, Evercore reissued an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.00.

Get Our Latest Stock Report on TE Connectivity

TE Connectivity Price Performance

NYSE TEL opened at $205.68 on Friday. TE Connectivity has a one year low of $190.27 and a one year high of $252.56. The stock has a 50-day moving average of $206.89 and a 200 day moving average of $208.70. 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 company has a market capitalization of $59.55 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.38 and a beta of 1.16.

TE Connectivity (NYSE:TEL – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the business earned $2.27 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast that TE Connectivity will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. TE Connectivity’s dividend payout ratio is 30.59%.

Hedge Funds Weigh In On TE Connectivity

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Security National Bank of Sioux City Iowa IA grew its holdings in TE Connectivity by 26.6% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 17,918 shares of the electronics maker’s stock valued at $3,612,000 after purchasing an additional 3,765 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of TE Connectivity by 3.9% in the second quarter. Sequoia Financial Advisors LLC now owns 11,772 shares of the electronics maker’s stock worth $2,373,000 after buying an additional 446 shares during the period. Tidal Investments LLC raised its stake in shares of TE Connectivity by 13.9% in the second quarter. Tidal Investments LLC now owns 47,226 shares of the electronics maker’s stock worth $9,521,000 after buying an additional 5,753 shares during the period. National Pension Service lifted its position in shares of TE Connectivity by 2.5% during the 2nd quarter. National Pension Service now owns 1,102,295 shares of the electronics maker’s stock valued at $222,234,000 after buying an additional 27,088 shares in the last quarter. Finally, Cidel Asset Management Inc. bought a new position in shares of TE Connectivity during the 2nd quarter valued at approximately $20,259,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Company Profile

(Get Free Report)

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.

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