TE Connectivity (NYSE:TEL) Hits New 52-Week High on Analyst Upgrade

TE Connectivity Ltd. (NYSE:TEL)’s share price hit a new 52-week high during mid-day trading on Monday after Barclays raised their price target on the stock from $249.00 to $277.00. Barclays currently has an overweight rating on the stock. TE Connectivity traded as high as $248.59 and last traded at $246.1270, with a volume of 44566 shares changing hands. The stock had previously closed at $247.01.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company upped their price target on shares of TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Robert W. Baird increased their price objective on shares of TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Evercore ISI lifted their price objective on shares of TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.58.

Insiders Place Their Bets

In related news, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value 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. The trade was a 64.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 131,171 shares of company stock worth $31,380,209. 0.90% of the stock is currently owned by insiders.

Institutional Trading of TE Connectivity

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in TE Connectivity by 1.1% in the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after purchasing an additional 410,910 shares in the last quarter. Dodge & Cox increased 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 worth $2,874,104,000 after acquiring an additional 1,017,323 shares during the last quarter. State Street Corp increased its position in shares of TE Connectivity by 0.8% during the 2nd quarter. State Street Corp now owns 12,928,733 shares of the electronics maker’s stock valued at $2,180,693,000 after purchasing an additional 100,040 shares during the last quarter. Wellington Management Group LLP boosted its holdings in TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock valued at $1,054,133,000 after acquiring an additional 1,097,035 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TE Connectivity by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock worth $1,185,474,000 after buying an additional 464,853 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 2.6%

The company has a 50-day moving average price of $220.52 and a 200 day moving average price of $190.01. The stock has a market capitalization of $73.86 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38.

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

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.1%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

About TE Connectivity

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.