Financial Gravity Companies Inc. Invests $120,000 in TE Connectivity Ltd. $TEL

Financial Gravity Companies Inc. bought a new stake in TE Connectivity Ltd. (NYSE:TEL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 713 shares of the electronics maker’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MTM Investment Management LLC acquired a new stake in TE Connectivity in the 2nd quarter valued at about $84,000. Citizens Financial Group Inc. RI increased its holdings in shares of TE Connectivity by 28.0% in the second quarter. Citizens Financial Group Inc. RI now owns 3,053 shares of the electronics maker’s stock valued at $515,000 after purchasing an additional 668 shares in the last quarter. Avantax Advisory Services Inc. raised its position in TE Connectivity by 12.4% in the 2nd quarter. Avantax Advisory Services Inc. now owns 13,785 shares of the electronics maker’s stock worth $2,325,000 after purchasing an additional 1,522 shares during the last quarter. Cetera Investment Advisers lifted its holdings in TE Connectivity by 22.0% during the 2nd quarter. Cetera Investment Advisers now owns 53,940 shares of the electronics maker’s stock worth $9,098,000 after buying an additional 9,723 shares in the last quarter. Finally, Creative Planning boosted its position in TE Connectivity by 2.4% in the 2nd quarter. Creative Planning now owns 48,804 shares of the electronics maker’s stock valued at $8,232,000 after buying an additional 1,165 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $237.14 on Monday. The firm’s 50 day simple moving average is $226.39 and its 200 day simple moving average is $195.83. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The company has a market capitalization of $69.76 billion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96.

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

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors 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 1.2%. TE Connectivity’s dividend payout ratio is currently 46.18%.

Insider Buying and Selling

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total value of $20,340,445.00. Following the completion of the sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 131,171 shares of company stock valued at $31,380,209. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TEL. UBS Group boosted their target price on TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Robert W. Baird boosted their price objective on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $241.58.

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.