Morningstar Investment Management LLC Has $672,000 Stock Holdings in TE Connectivity Ltd. $TEL

Morningstar Investment Management LLC lowered its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 82.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,216 shares of the electronics maker’s stock after selling 15,368 shares during the period. Morningstar Investment Management LLC’s holdings in TE Connectivity were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TEL. Public Employees Retirement System of Ohio boosted its stake in TE Connectivity by 3.6% in the first quarter. Public Employees Retirement System of Ohio now owns 14,204 shares of the electronics maker’s stock valued at $2,969,000 after buying an additional 497 shares in the last quarter. Compound Planning Inc. raised its stake in TE Connectivity by 7.7% during the first quarter. Compound Planning Inc. now owns 7,587 shares of the electronics maker’s stock worth $1,586,000 after acquiring an additional 545 shares in the last quarter. Inceptionr LLC acquired a new position in TE Connectivity during the first quarter worth about $1,770,000. Bowen Hanes & Co. Inc. lifted its holdings in shares of TE Connectivity by 12.8% in the first quarter. Bowen Hanes & Co. Inc. now owns 220,000 shares of the electronics maker’s stock worth $45,984,000 after acquiring an additional 25,000 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of TE Connectivity by 16.9% in the 1st quarter. Sei Investments Co. now owns 248,692 shares of the electronics maker’s stock valued at $51,984,000 after purchasing an additional 35,993 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Monday, June 1st. The stock was 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 owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Barclays upped their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Wells Fargo & Company cut their price objective on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Stock Up 0.0%

NYSE:TEL opened at $202.95 on Monday. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. 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 company has a market cap of $59.24 billion, a PE ratio of 19.90, a P/E/G ratio of 1.36 and a beta of 1.17. The firm’s 50 day simple moving average is $205.36 and its 200 day simple moving average is $214.89.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, research analysts anticipate that TE Connectivity Ltd. will post 11.45 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

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.