Foster & Motley Inc. Takes $5.13 Million Position in TE Connectivity Ltd. $TEL

Foster & Motley Inc. purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,438 shares of the electronics maker’s stock, valued at approximately $5,129,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TEL. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. boosted its position in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after buying an additional 127 shares during the period. Commonwealth Retirement Investments LLC acquired a new stake in shares of TE Connectivity in the fourth quarter worth $40,000. MV Capital Management Inc. purchased a new position in shares of TE Connectivity during the fourth quarter valued at $41,000. Finally, Cornerstone Planning Group LLC raised its position in TE Connectivity by 118.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker’s stock valued at $43,000 after buying an additional 104 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $205.13 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The business’s 50-day moving average price is $206.81 and its two-hundred day moving average price is $212.53. The company has a market capitalization of $59.39 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 30.59%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a research note on Thursday, April 23rd. Wells Fargo & Company reduced their price target on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Citigroup decreased their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Robert W. Baird dropped their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $251.15.

About TE Connectivity

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.