Entropy Technologies LP Increases Position in TE Connectivity Ltd. $TEL

Entropy Technologies LP increased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 104.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,171 shares of the electronics maker’s stock after purchasing an additional 3,157 shares during the quarter. Entropy Technologies LP’s holdings in TE Connectivity were worth $1,290,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in shares of TE Connectivity by 289.3% in the first quarter. Renaissance Technologies LLC now owns 536,510 shares of the electronics maker’s stock valued at $112,141,000 after buying an additional 398,710 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in TE Connectivity by 3.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 14,204 shares of the electronics maker’s stock worth $2,969,000 after acquiring an additional 497 shares in the last quarter. Compound Planning Inc. increased its holdings in TE Connectivity by 7.7% in the 1st 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 $1,770,000. Finally, Bowen Hanes & Co. Inc. lifted its holdings in TE Connectivity by 12.8% during the first quarter. Bowen Hanes & Co. Inc. now owns 220,000 shares of the electronics maker’s stock valued at $45,984,000 after purchasing an additional 25,000 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TEL. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Wells Fargo & Company reduced their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Robert W. Baird lowered their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Price Performance

NYSE:TEL opened at $207.46 on Tuesday. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The stock has a market cap of $60.56 billion, a PE ratio of 20.34, a P/E/G ratio of 1.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The stock has a 50 day moving average price of $205.50 and a 200 day moving average price of $214.73.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data 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. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 11.45 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company 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 is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 30.59%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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.

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.