TE Connectivity Ltd. $TEL Shares Purchased by Flputnam Investment Management Co.

Flputnam Investment Management Co. grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,588 shares of the electronics maker’s stock after buying an additional 3,985 shares during the quarter. Flputnam Investment Management Co.’s holdings in TE Connectivity were worth $10,199,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TEL. Gulf International Bank UK Ltd boosted its stake in TE Connectivity by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after acquiring an additional 44 shares during the last quarter. MCF Advisors LLC increased its position in shares of TE Connectivity by 14.1% in the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 45 shares during the last quarter. CYBER HORNET ETFs LLC increased its position in shares of TE Connectivity by 5.6% in the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after purchasing an additional 47 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of TE Connectivity by 4.2% in the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock valued at $271,000 after purchasing an additional 48 shares in the last quarter. Finally, Security National Bank of SO Dak lifted its position in shares of TE Connectivity by 0.5% during the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TEL shares. Barclays lifted their price target on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. UBS Group reiterated a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a research report on Thursday, July 23rd. Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. Finally, Robert W. Baird reduced their price objective on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $251.15.

TE Connectivity Price Performance

TEL opened at $202.79 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $205.23 and its 200 day moving average price is $211.60. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The firm has a market cap of $58.71 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating 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%.TE Connectivity’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, sell-side analysts expect that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Announces Dividend

The business 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. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s payout ratio is currently 30.59%.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

TE Connectivity Company Profile

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.