TE Connectivity Ltd. (NYSE:TEL) Given Consensus Rating of “Moderate Buy” by Brokerages

TE Connectivity Ltd. (NYSE:TEL) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $251.1538.

Several equities research analysts have recently issued reports on the company. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Citigroup dropped their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Evercore restated an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a report on Monday, June 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd.

Hedge Funds Weigh In On TE Connectivity

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in TE Connectivity by 19,772.4% during the 2nd quarter. California State Teachers Retirement System now owns 92,477,499 shares of the electronics maker’s stock worth $18,644,389,000 after purchasing an additional 92,012,142 shares in the last quarter. Norges Bank acquired a new position in TE Connectivity during the fourth quarter valued at approximately $938,706,000. Wellington Management Group LLP lifted its position 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 valued at $1,554,259,000 after buying an additional 2,507,569 shares in the last quarter. J. Stern & Co. LLP purchased a new stake in TE Connectivity during the fourth quarter worth approximately $445,402,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in TE Connectivity by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock worth $706,457,000 after buying an additional 1,721,235 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL opened at $208.67 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The firm has a market cap of $60.41 billion, a PE ratio of 20.46, a P/E/G ratio of 1.40 and a beta of 1.16. The firm has a 50 day simple moving average of $205.82 and a 200-day simple moving average of $210.46. TE Connectivity has a 1-year low of $190.27 and a 1-year high of $252.56.

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

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is presently 30.59%.

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.