TE Connectivity (NYSE:TEL) Given New $241.00 Price Target at Wells Fargo & Company

TE Connectivity (NYSE:TEL) had its price target raised by Wells Fargo & Company from $215.00 to $241.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the electronics maker’s stock.

Several other brokerages have also recently weighed in on TEL. Barclays initiated coverage on shares of TE Connectivity in a research note on Tuesday, October 7th. They issued an “overweight” rating and a $249.00 price objective on the stock. Truist Financial boosted their price objective on shares of TE Connectivity from $200.00 to $255.00 and gave the stock a “hold” rating in a research note on Thursday. The Goldman Sachs Group upped their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. KGI Securities raised shares of TE Connectivity to a “hold” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $239.25.

TE Connectivity Stock Up 1.1%

Shares of NYSE:TEL opened at $243.41 on Thursday. The company has a fifty day moving average of $218.11 and a 200-day moving average of $186.73. The company has a market capitalization of $71.92 billion, a PE ratio of 39.58, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.56. TE Connectivity has a 52-week low of $116.30 and a 52-week high of $247.34.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The company had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities analysts predict that TE Connectivity will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s dividend payout ratio is 46.18%.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the sale, the insider owned 25,976 shares in the company, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TE Connectivity

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HHM Wealth Advisors LLC raised its holdings in shares of TE Connectivity by 11.8% in the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after acquiring an additional 43 shares during the last quarter. Dakota Community Bank & Trust NA raised its holdings in shares of TE Connectivity by 5.4% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock worth $209,000 after acquiring an additional 49 shares during the last quarter. Csenge Advisory Group raised its holdings in shares of TE Connectivity by 3.2% in the 3rd quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock worth $352,000 after acquiring an additional 50 shares during the last quarter. Security National Bank of SO Dak raised its holdings 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 worth $1,833,000 after acquiring an additional 50 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in shares of TE Connectivity by 1.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,349 shares of the electronics maker’s stock worth $565,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.