TE Connectivity Ltd. (NYSE:TEL) Stock Rated “Moderate Buy” by Wall Street Brokerages

TE Connectivity Ltd. (NYSE:TEL) has been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $251.36.

TEL has been the subject of several recent research reports. Citigroup dropped their price target 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. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, September 20th. Robert W. Baird cut their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th.

TE Connectivity Trading Up 1.1%

Shares of TEL stock opened at $220.21 on Friday. 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 capitalization of $63.75 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. TE Connectivity has a 12-month low of $190.27 and a 12-month high of $252.56. The stock’s 50-day moving average price is $209.44 and its 200-day moving average price is $209.38.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities research analysts predict that TE Connectivity will post 11.48 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 20th. TE Connectivity’s payout ratio is currently 30.59%.

Institutional Investors Weigh In On TE Connectivity

A number of institutional investors have recently made changes to their positions in TEL. Norges Bank acquired a new stake in TE Connectivity in the 4th quarter valued at about $938,706,000. Wellington Management Group LLP boosted its holdings in TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock worth $1,554,259,000 after buying an additional 2,507,569 shares in the last quarter. J. Stern & Co. LLP acquired a new position in TE Connectivity in the fourth quarter worth approximately $445,402,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of TE Connectivity by 124.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock valued at $706,457,000 after buying an additional 1,721,235 shares in the last quarter. Finally, Man Group plc lifted its position in shares of TE Connectivity by 259.9% during the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after acquiring an additional 904,468 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.