Wall Street Zen Upgrades TE Connectivity (NYSE:TEL) to “Buy”

TE Connectivity (NYSE:TEL) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

Several other research analysts have also recently commented on the company. Robert W. Baird cut their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. UBS Group restated a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Evercore reaffirmed an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. Citigroup reduced 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. Finally, Wells Fargo & Company dropped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and a consensus target price of $251.15.

TE Connectivity Trading Down 0.5%

NYSE:TEL opened at $202.44 on Friday. The business’s 50-day moving average is $206.28 and its two-hundred day moving average is $211.88. The firm has a market capitalization of $58.61 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. TE Connectivity has a 12 month low of $190.27 and a 12 month 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 announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Research analysts predict that TE Connectivity will post 11.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TE Connectivity

A number of hedge funds have recently added to or reduced their stakes in TEL. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of TE Connectivity in the 4th quarter worth about $25,000. JNBA Financial Advisors grew 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 worth $26,000 after purchasing an additional 51 shares during the last quarter. Geneos Wealth Management Inc. grew its position in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of TE Connectivity in the second quarter valued at approximately $34,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $40,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Company Profile

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.