Evercore ISI Downgrades TE Connectivity to Hold

Evercore ISI Group has recently downgraded TE Connectivity plc (NYSE:TEL) to a hold rating, setting a price target of $230. This change was made on June 22, 2026, by analyst Amit Daryanani. The stock traded near $217.64 on Monday, indicating a cautious outlook from the firm.

Other Institutional Activity in TE Connectivity

BlackRock, Inc. grew its holdings by 3,213,980 shares, ending with 25,910,278 shares worth about $5.42 billion, a 14.2% increase. Vanguard Capital Management LLC opened a new position with 19,047,041 shares valued at approximately $3.98 billion. Similarly, Vanguard Portfolio Management LLC also initiated a stake with 16,620,667 shares, valued at about $3.47 billion. On the other hand, Dodge & Cox reduced its position slightly by 184,900 shares, leaving it with 14,688,950 shares worth around $3.07 billion, reflecting a 1.2% decrease. State Street Corp also trimmed its holdings by 195,922 shares, ending with 12,909,297 shares valued at $2.70 billion, a 1.5% decrease.

TE Connectivity plc Stock Down 2.0%

Shares of NYSE:TEL traded near $217.64 on Monday. TE Connectivity has a market cap of approximately $63.5 billion and a P/E ratio of 22.23. The stock has a 52-week low of $162.17 and a 52-week high of $252.56, with a 50-day moving average of $214.69 and a 200-day moving average of $221.64. The company's current ratio is 1.89, with a quick ratio of 1.05 and a debt-to-equity ratio of 43.80.

Recent Earnings

TE Connectivity reported revenues of $18.70 billion, with a revenue growth rate of 14.5%. The company achieved an EPS of $9.79, a net margin of 15.54%, and a return on equity of 22.72%. The next earnings report is expected on July 22, 2026.

Dividend

TE Connectivity offers an annual dividend rate of $2.98, yielding 1.37%. The dividend payout ratio stands at 29.01%.

Insider Buying and Selling at TE Connectivity plc

Recent insider activity includes SVP and Corporate Controller Reuben Shaffer acquiring 5 shares on June 12, 2026, and SVP, Chief Human Resources Officer Malavika Sagar purchasing 4 shares on the same day. Additionally, President of Industrial Solutions Shadrak Kroeger had multiple transactions on June 1, 2026, involving both buying and selling of 9,400 shares, with some transactions planned under Rule 10b5-1.

Analysts Set New Price Targets

On June 22, 2026, Evercore ISI Group downgraded TE Connectivity to hold with a $230 price target. Barclays maintained its buy rating with a $300 target on June 15, 2026. UBS also kept its buy rating with a $261 target on April 23, 2026. The consensus among 19 analysts is a buy with a mean price target of $263.47.

About TE Connectivity

TE Connectivity plc, headquartered in Ballybrit, Ireland, is a global technology company specializing in connectivity and sensor solutions. The company operates through its Transportation Solutions and Industrial Solutions segments, serving various industries such as automotive, aerospace, and industrial machinery. Led by CEO Terrence R. Curtin, TE Connectivity employs around 90,000 people worldwide and offers a wide range of products including antennas, connectors, and sensors.

Bottom Line

Evercore ISI's recent downgrade of TE Connectivity to hold reflects a more cautious stance on the stock. Investors often track such changes to gauge market sentiment, though it's important to remember that this rating is based on past data. The company remains a significant player in the technology sector with strong fundamentals, as indicated by its robust earnings and consistent dividend payouts.