TE Connectivity (NYSE:TEL) Reaches New 12-Month High After Dividend Announcement

TE Connectivity Ltd. (NYSE:TEL) shares hit a new 52-week high during trading on Thursday following a dividend announcement from the company. The stock traded as high as $213.43 and last traded at $212.61, with a volume of 152400 shares. The stock had previously closed at $210.35.

The newly announced dividend which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity’s payout ratio is 58.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on TE Connectivity from $170.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Bank of America lifted their price target on TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. KGI Securities raised TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Truist Financial lifted their price target on TE Connectivity from $156.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $199.55.

TE Connectivity Price Performance

The stock has a 50 day simple moving average of $197.64 and a two-hundred day simple moving average of $167.01. The company has a market cap of $62.88 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.19. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 earnings per share. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the sale, the insider owned 25,976 shares in the company, valued at $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president owned 24,625 shares in the company, valued at $5,154,751.25. This represents a 65.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,645 shares of company stock worth $27,267,158 over the last ninety days. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TE Connectivity

Institutional investors and hedge funds have recently modified their holdings of the company. Princeton Global Asset Management LLC purchased a new stake in shares of TE Connectivity in the 2nd quarter valued at $26,000. Costello Asset Management INC purchased a new stake in shares of TE Connectivity in the 1st quarter valued at $28,000. Neo Ivy Capital Management purchased a new stake in shares of TE Connectivity in the 2nd quarter valued at $30,000. Salomon & Ludwin LLC raised its holdings in shares of TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after buying an additional 66 shares during the period. Finally, Millstone Evans Group LLC purchased a new stake in shares of TE Connectivity in the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

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.