TE Connectivity (NYSE:TEL) Stock Moved Up to “Buy” by Wall Street Zen

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

A number of other research firms also recently commented on TEL. UBS Group raised their price objective on shares of TE Connectivity from $241.00 to $253.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Robert W. Baird upped their target price on shares of TE Connectivity from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. HSBC dropped their price target on shares of TE Connectivity from $234.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Finally, Truist Financial decreased their price objective on TE Connectivity from $240.00 to $215.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $258.07.

TE Connectivity Stock Performance

TEL opened at $212.19 on Friday. The stock’s 50 day simple moving average is $210.28 and its 200-day simple moving average is $210.41. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $61.43 billion, a PE ratio of 20.80, a P/E/G ratio of 1.25 and a beta of 1.14. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. TE Connectivity’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts forecast that TE Connectivity will post 11.49 EPS for the current year.

TE Connectivity Dividend Announcement

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

Institutional Trading of TE Connectivity

Several large investors have recently added to or reduced their stakes in the company. JNBA Financial Advisors lifted its position in TE Connectivity by 67.1% in the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in TE Connectivity in the 2nd quarter worth $34,000. MV Capital Management Inc. bought a new position in TE Connectivity during the 4th quarter worth about $41,000. Bayban bought a new position in TE Connectivity during the 4th quarter worth about $44,000. Finally, Fortitude Family Office LLC raised its stake in shares of TE Connectivity by 43.5% in the 3rd quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 64 shares during the period. 91.43% of the stock is owned by institutional investors.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.