TE Connectivity (NYSE:TEL) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of TE Connectivity (NYSE:TEL) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other research analysts have also commented on TEL. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Truist Financial lifted their price objective on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Wells Fargo & Company decreased their price target on shares of TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average price target of $246.33.

TE Connectivity Trading Down 1.1%

Shares of TEL opened at $234.36 on Wednesday. The firm has a market cap of $68.77 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.72 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. TE Connectivity has a fifty-two week low of $125.42 and a fifty-two week high of $250.67. The firm has a 50 day moving average price of $216.84 and a 200-day moving average price of $225.85.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the business posted $1.95 EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities research analysts forecast that TE Connectivity will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.78 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is currently 40.98%.

TE Connectivity declared that its Board of Directors has authorized a stock buyback program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at TE Connectivity

In other TE Connectivity news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the sale, the executive vice president owned 21,810 shares in the company, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 42,345 shares of company stock worth $9,627,260. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV raised its position in shares of TE Connectivity by 1.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 16,168 shares of the electronics maker’s stock valued at $3,379,000 after buying an additional 270 shares during the last quarter. Asset Allocation & Management Company LLC bought a new stake in shares of TE Connectivity during the first quarter valued at approximately $258,000. Hsbc Holdings PLC raised its position in shares of TE Connectivity by 11.1% during 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 during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of 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 valued at $175,920,000 after buying an additional 197,369 shares during the last quarter. Finally, World Investment Advisors raised its position in shares of TE Connectivity by 18.8% during the fourth quarter. World Investment Advisors now owns 2,857 shares of the electronics maker’s stock valued at $650,000 after buying an additional 452 shares during the last quarter. Institutional investors 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.