TE Connectivity (NYSE:TEL) Stock Moved Up to “Strong-Buy” by Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of TE Connectivity (NYSE:TEL) to a strong-buy rating in a report published on Wednesday,Zacks reports.

Several other research firms have also recently issued reports on TEL. UBS Group restated a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a research report on Thursday, July 23rd. Barclays lifted their target price on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Robert W. Baird reduced 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. Evercore reiterated an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a research report on Monday, June 22nd. Finally, Wells Fargo & Company upped their price objective on shares of TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday, September 11th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $251.36.

TE Connectivity Trading Down 0.4%

TEL opened at $213.46 on Wednesday. The firm has a market capitalization of $61.80 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. The company’s 50 day simple moving average is $207.86 and its two-hundred day simple moving average is $208.86. TE Connectivity has a 1-year low of $190.27 and a 1-year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating 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%.The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Analysts expect that TE Connectivity will post 11.48 EPS for the current fiscal year.

TE Connectivity Announces Dividend

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

Hedge Funds Weigh In On TE Connectivity

Institutional investors have recently modified their holdings of the business. JNBA Financial Advisors increased its stake in TE Connectivity by 67.1% in the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Pin Oak Investment Advisors Inc. purchased a new position in TE Connectivity in the second quarter worth $34,000. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity during the fourth quarter worth about $40,000. MV Capital Management Inc. purchased a new position in TE Connectivity in the 4th quarter valued at approximately $41,000. Finally, Bayban purchased a new stake in shares of TE Connectivity in the 4th quarter worth about $44,000. 91.43% of the stock is owned by institutional investors and hedge funds.

About TE Connectivity

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.