TE Connectivity Ltd. (TEL) – What Are Analysts Saying About This Stock?

Shares of TE Connectivity Ltd. (NYSE:TEL) have earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $255.50.

Several equities research analysts have weighed in on the stock. Truist Financial decreased their price target on shares of TE Connectivity from $240.00 to $215.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Barclays increased their price objective on shares of TE Connectivity from $300.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Wells Fargo & Company raised their target price on TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research note on Friday, September 11th. Robert W. Baird boosted their target price on TE Connectivity from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research report on Thursday, October 22nd.

TE Connectivity Stock Down 0.7%

Shares of TE Connectivity stock traded down $1.60 during trading on Friday, reaching $216.22. 1,350,112 shares of the company traded hands, compared to its average volume of 2,151,961. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.18. TE Connectivity has a 1-year low of $190.27 and a 1-year high of $252.56. The company has a 50 day moving average price of $213.45 and a 200-day moving average price of $212.28. The firm has a market capitalization of $61.99 billion, a PE ratio of 19.53, a P/E/G ratio of 1.36 and a beta of 1.15.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, October 28th. The electronics maker reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.07. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.29 billion. TE Connectivity had a net margin of 16.36% and a return on equity of 25.55%. TE Connectivity’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.44 earnings per share. As a group, equities research analysts expect that TE Connectivity will post 13.52 earnings per share 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. Shareholders of record on Friday, November 20th will be issued a $0.78 dividend. The ex-dividend date is Friday, November 20th. This represents a $3.12 annualized dividend and a yield of 1.4%. TE Connectivity’s dividend payout ratio is presently 28.18%.

Institutional Investors Weigh In On TE Connectivity

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of TE Connectivity by 5.7% in the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after purchasing an additional 730,084 shares in the last quarter. Wellington Management Group LLP grew its position in TE Connectivity by 48.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after purchasing an additional 2,507,569 shares during the period. Baird Financial Group Inc. grew its position in TE Connectivity by 3.5% in the 2nd quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock valued at $652,796,000 after purchasing an additional 109,020 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in TE Connectivity by 44.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,101,659 shares of the electronics maker’s stock valued at $654,698,000 after purchasing an additional 959,491 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in TE Connectivity by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock valued at $618,121,000 after purchasing an additional 118,284 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

About TE Connectivity

TE Connectivity (NYSE: TEL) designs and manufactures connectivity and sensor solutions used to transmit data, power and signals. Its products include connectors, terminals, relays, antennas and sensors, as well as related components and systems. The company serves customers in industries including automotive, industrial equipment, communications, aerospace and defense, medical technology, and energy. Its products are used in applications ranging from vehicles and factory automation to telecommunications infrastructure and aircraft.