TE Connectivity (NYSE:TEL) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of TE Connectivity (NYSE:TEL) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Other analysts also recently issued reports about the stock. Cowen reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Citigroup raised their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. UBS Group boosted their price target on shares of TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. TD Cowen raised their price objective on TE Connectivity from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Wells Fargo & Company lifted their target price on TE Connectivity from $241.00 to $245.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.85.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $233.17 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market cap of $68.60 billion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The stock’s 50-day moving average is $233.69 and its 200-day moving average is $212.70. TE Connectivity has a one year low of $116.30 and a one year high of $250.67.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. The business had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.TE Connectivity’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the company earned $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Equities analysts predict that TE Connectivity will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s payout ratio is 46.18%.

Insider Activity at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the sale, the executive vice president owned 20,903 shares of the company’s stock, valued at $5,178,300.19. This trade represents a 54.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of TE Connectivity

A number of hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in TE Connectivity in the 2nd quarter valued at about $609,158,000. Valeo Financial Advisors LLC grew its position in shares of TE Connectivity by 39,846.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock valued at $299,490,000 after purchasing an additional 1,771,153 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of TE Connectivity by 26,798.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock worth $303,815,000 after purchasing an additional 1,378,787 shares during the period. Bank of America Corp DE lifted its holdings in TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Finally, Dodge & Cox boosted its stake in TE Connectivity by 6.3% in the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after purchasing an additional 1,017,323 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

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.