TE Connectivity’s (TEL) Buy Rating Reiterated at Jefferies Financial Group
by Sarita Garza · The Markets DailyJefferies Financial Group reiterated their buy rating on shares of TE Connectivity (NYSE:TEL – Free Report) in a research report released on Tuesday morning,Benzinga reports. The firm currently has a $250.00 price objective on the electronics maker’s stock, down from their previous price objective of $280.00.
Other analysts have also issued reports about the stock. Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Wells Fargo & Company decreased their price target on shares of TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. UBS Group raised their price objective on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Truist Financial lifted their target price on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and an average price target of $249.47.
Get Our Latest Research Report on TEL
TE Connectivity Price Performance
NYSE:TEL opened at $209.22 on Tuesday. The business’s 50-day moving average price is $216.89 and its 200 day moving average price is $225.25. The firm has a market cap of $61.39 billion, a P/E ratio of 30.19, a PEG ratio of 1.61 and a beta of 1.26. TE Connectivity has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.
TE Connectivity (NYSE:TEL – Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the business earned $1.95 earnings per share. TE Connectivity’s revenue for the quarter was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, sell-side analysts predict that TE Connectivity will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio (DPR) is presently 40.98%.
TE Connectivity announced that its board has initiated a share buyback plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Insider Buying and Selling
In related news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the transaction, the insider owned 32,541 shares in the company, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 32,945 shares of company stock valued at $7,528,616. Company insiders own 0.60% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of TEL. Vanguard Group Inc. boosted its position in TE Connectivity by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock worth $8,741,226,000 after acquiring an additional 168,142 shares during the period. Dodge & Cox increased its holdings in shares of TE Connectivity by 6.3% in the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after purchasing an additional 1,017,323 shares during the period. State Street Corp lifted its position 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 worth $2,981,572,000 after purchasing an additional 76,292 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of TE Connectivity by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock worth $1,185,474,000 after purchasing an additional 464,853 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 worth $1,425,669,000 after purchasing an additional 161,967 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.
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.