NEOS Investment Management LLC Has $9.53 Million Stock Position in TE Connectivity Ltd. $TEL

NEOS Investment Management LLC raised its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 12.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 47,262 shares of the electronics maker’s stock after purchasing an additional 5,416 shares during the period. NEOS Investment Management LLC’s holdings in TE Connectivity were worth $9,528,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. JNBA Financial Advisors raised its holdings in shares of TE Connectivity by 67.1% in the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Geneos Wealth Management Inc. grew its position in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in TE Connectivity in the 2nd quarter worth about $34,000. Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity in the 4th quarter valued at about $40,000. Finally, MV Capital Management Inc. bought a new position in shares of TE Connectivity during the 4th quarter worth approximately $41,000. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. UBS Group reiterated a “buy” rating and set a $241.00 price target on shares of TE Connectivity in a report on Thursday, July 23rd. Citigroup reduced their price objective on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.15.

TE Connectivity Stock Down 0.4%

Shares of NYSE TEL opened at $208.67 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The stock has a market capitalization of $60.41 billion, a PE ratio of 20.46, a P/E/G ratio of 1.40 and a beta of 1.16. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The business’s fifty day moving average price is $205.62 and its 200-day moving average price is $210.83.

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

TE Connectivity Dividend Announcement

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

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.