TE Connectivity (NYSE:TEL) Price Target Raised to $240.00

TE Connectivity (NYSE:TEL) had its price target hoisted by Truist Financial from $239.00 to $240.00 in a research report report published on Friday, MarketBeat.com reports. Truist Financial currently has a hold rating on the electronics maker’s stock.

Other equities analysts also recently issued reports about the company. Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. The Goldman Sachs Group lifted their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.85.

TE Connectivity Stock Performance

Shares of TEL opened at $230.18 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. TE Connectivity has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a 50-day simple moving average of $232.70 and a 200-day simple moving average of $208.35. The company has a market capitalization of $67.72 billion, a PE ratio of 37.43, a P/E/G ratio of 1.77 and a beta of 1.25.

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

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio is 46.18%.

Insider Activity

In related news, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the sale, the executive vice president directly owned 20,903 shares of the company’s stock, valued at $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On TE Connectivity

Hedge funds have recently made changes to their positions in the business. Princeton Global Asset Management LLC purchased a new position in TE Connectivity during the second quarter worth about $26,000. Caitlin John LLC purchased a new position in shares of TE Connectivity during the 3rd quarter worth about $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TE Connectivity in the third quarter worth approximately $29,000. Neo Ivy Capital Management purchased a new stake in TE Connectivity in the second quarter valued at approximately $30,000. Finally, Salomon & Ludwin LLC increased its position in TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

About TE Connectivity

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.