TE Connectivity Ltd. (NYSE:TEL - Free Report) - Analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for TE Connectivity in a research report issued on Thursday, March 20th. Zacks Research analyst A. Ganguly now forecasts that the electronics maker will earn $9.76 per share for the year, up from their previous estimate of $9.75. The consensus estimate for TE Connectivity's current full-year earnings is $8.05 per share.
Several other equities analysts have also commented on TEL. Robert W. Baird upped their price target on shares of TE Connectivity from $162.00 to $168.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. HSBC raised shares of TE Connectivity from a "reduce" rating to a "hold" rating and set a $166.00 price target for the company in a research report on Thursday, January 23rd. Truist Financial dropped their price target on shares of TE Connectivity from $165.00 to $163.00 and set a "hold" rating for the company in a research report on Thursday, January 23rd. Citigroup upped their price target on shares of TE Connectivity from $160.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $167.00.
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Shares of TEL stock opened at $146.10 on Monday. TE Connectivity has a one year low of $137.61 and a one year high of $159.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.10 and a current ratio of 1.68. The company has a 50 day moving average price of $148.91 and a 200 day moving average price of $148.34. The firm has a market capitalization of $43.59 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32.
TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the firm posted $1.84 EPS. The company's revenue was up .1% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be paid a $0.71 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This is an increase from TE Connectivity's previous quarterly dividend of $0.65. This represents a $2.84 annualized dividend and a dividend yield of 1.94%. TE Connectivity's dividend payout ratio is 45.37%.
In other news, insider Shadrak W. Kroeger sold 25,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $146.77, for a total value of $3,669,250.00. Following the completion of the transaction, the insider now directly owns 25,976 shares in the company, valued at approximately $3,812,497.52. This represents a 49.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company's stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. 111 Capital acquired a new stake in TE Connectivity in the fourth quarter valued at $757,000. Wealth Enhancement Advisory Services LLC raised its holdings in TE Connectivity by 7.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 36,014 shares of the electronics maker's stock valued at $5,149,000 after acquiring an additional 2,498 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in TE Connectivity by 4.4% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 29,671 shares of the electronics maker's stock valued at $4,242,000 after acquiring an additional 1,237 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in TE Connectivity in the fourth quarter valued at $14,658,000. Finally, Siemens Fonds Invest GmbH acquired a new stake in TE Connectivity in the fourth quarter valued at $602,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
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.
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