TE Connectivity FY2027 EPS Estimate Lifted by Zacks Research

TE Connectivity Ltd. (NYSE:TEL) – Equities research analysts at Zacks Research lifted their FY2027 earnings per share (EPS) estimates for shares of TE Connectivity in a research report issued on Thursday, March 20th. Zacks Research analyst A. Ganguly now expects that the electronics maker will earn $9.76 per share for the year, up from their prior estimate of $9.75. The consensus estimate for TE Connectivity’s current full-year earnings is $8.05 per share.

TEL has been the subject of several other reports. Robert W. Baird increased their price objective on shares of TE Connectivity from $162.00 to $168.00 and gave the company 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 target price for the company in a report on Thursday, January 23rd. Truist Financial decreased their price objective on TE Connectivity from $165.00 to $163.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Hsbc Global Res raised shares of TE Connectivity from a “moderate sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Hold” and an average target price of $167.00.

TE Connectivity Trading Up 2.0 %

TEL opened at $149.04 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 0.26. The firm has a market cap of $44.47 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 2.11 and a beta of 1.32. TE Connectivity has a 12 month low of $137.61 and a 12 month high of $159.98. The stock has a fifty day moving average price of $149.07 and a 200-day moving average price of $148.35.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results 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. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $3.92 billion. TE Connectivity had a net margin of 12.10% and a return on equity of 18.82%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.84 EPS.

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.91%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, May 21st. TE Connectivity’s payout ratio is presently 45.37%.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now owns 25,976 shares in the company, valued at approximately $3,812,497.52. This represents a 49.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TE Connectivity

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEL. Wellington Management Group LLP purchased a new stake in TE Connectivity in the 4th quarter valued at about $909,598,000. Vanguard Group Inc. lifted its position in shares of TE Connectivity by 14.2% during the fourth quarter. Vanguard Group Inc. now owns 32,378,995 shares of the electronics maker’s stock worth $4,629,225,000 after purchasing an additional 4,029,596 shares in the last quarter. Norges Bank purchased a new position in TE Connectivity in the fourth quarter valued at $508,199,000. Clearbridge Investments LLC boosted its stake in shares of TE Connectivity by 72.1% in the 4th quarter. Clearbridge Investments LLC now owns 4,064,822 shares of the electronics maker’s stock valued at $581,148,000 after buying an additional 1,702,825 shares during the period. Finally, Amundi purchased a new stake in shares of TE Connectivity during the fourth quarter worth approximately $159,992,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Company Profile

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.