TE Connectivity Ltd. $TEL Shares Purchased by CX Institutional

CX Institutional raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 15.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 36,046 shares of the electronics maker’s stock after acquiring an additional 4,927 shares during the period. CX Institutional’s holdings in TE Connectivity were worth $7,267,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. raised its stake in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new stake in TE Connectivity during the 4th quarter worth $40,000. MV Capital Management Inc. acquired a new position in TE Connectivity in the fourth quarter valued at $41,000. Finally, Westfuller Advisors LLC grew its holdings in shares of TE Connectivity by 120.2% during the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. UBS Group reiterated a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Citigroup decreased their price objective on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Stock Up 5.8%

TEL opened at $216.82 on Wednesday. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The business has a 50 day moving average price of $206.33 and a two-hundred day moving average price of $213.73. 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 has a market cap of $62.77 billion, a PE ratio of 21.26, a P/E/G ratio of 1.37 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion for 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 company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, research analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

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 $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity 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.