TE Connectivity (NYSE:TEL) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of TE Connectivity (NYSE:TEL) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Wells Fargo & Company increased their target price on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a research note on Friday, September 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. UBS Group upped their price target on shares of TE Connectivity from $241.00 to $253.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Barclays upped their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Finally, Robert W. Baird lowered their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $258.07.

TE Connectivity Stock Down 0.6%

Shares of TE Connectivity stock opened at $216.97 on Friday. The company has a market capitalization of $62.82 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. 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 business has a 50-day moving average of $210.58 and a two-hundred day moving average of $210.15. TE Connectivity has a 1 year low of $190.27 and a 1 year high of $252.56.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the firm posted $2.27 earnings per share. TE Connectivity’s 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. As a group, equities analysts predict that TE Connectivity will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be given 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 of this dividend is Friday, November 20th. TE Connectivity’s dividend payout ratio is currently 30.59%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC raised its position in shares of TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after buying an additional 23,074 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of TE Connectivity by 324.9% in the second quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker’s stock valued at $12,574,000 after buying an additional 47,691 shares during the period. Man Group plc boosted its stake in shares of TE Connectivity by 259.9% in the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after buying an additional 904,468 shares during the period. Rockefeller Capital Management L.P. grew its position in TE Connectivity by 34.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 773,242 shares of the electronics maker’s stock worth $175,920,000 after buying an additional 197,369 shares in the last quarter. Finally, Seascape Capital Management acquired a new stake in TE Connectivity during the first quarter worth approximately $2,256,000. 91.43% of the stock is currently owned by institutional investors.

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.