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

Wall Street Zen upgraded shares of TE Connectivity (NYSE:TEL) from a hold rating to a buy rating in a research note released on Sunday,Wall Street Zen reports.

A number of other analysts have also recently issued reports on TEL. Citigroup decreased their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. UBS Group reiterated a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Robert W. Baird decreased their price objective on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Wells Fargo & Company raised their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research report on Friday, September 11th. Finally, Evercore reaffirmed an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $252.00.

TE Connectivity Stock Up 1.8%

Shares of NYSE:TEL opened at $213.72 on Friday. The company has a market capitalization of $61.87 billion, a PE ratio of 20.95, a P/E/G ratio of 1.41 and a beta of 1.16. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. TE Connectivity has a twelve month low of $190.27 and a twelve month high of $252.56. The firm has a 50 day simple moving average of $207.38 and a 200-day simple moving average of $208.78.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities analysts predict that TE Connectivity will post 11.48 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be given a dividend of $0.78 per share. 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 payout ratio is presently 30.59%.

Institutional Trading of TE Connectivity

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its position in TE Connectivity by 5.7% during the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after buying an additional 730,084 shares during the period. Wellington Management Group LLP boosted its stake in shares of TE Connectivity by 48.2% during the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock worth $1,554,259,000 after acquiring an additional 2,507,569 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of TE Connectivity by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after acquiring an additional 161,967 shares during the period. Bank of New York Mellon Corp increased its stake in TE Connectivity by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after purchasing an additional 144,353 shares in the last quarter. Finally, Norges Bank purchased a new position in TE Connectivity in the 4th quarter valued at approximately $938,706,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Company Profile

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.