First Eagle Investment Management LLC Acquires 4,039 Shares of TE Connectivity Ltd. $TEL

First Eagle Investment Management LLC lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,839 shares of the electronics maker’s stock after buying an additional 4,039 shares during the period. First Eagle Investment Management LLC’s holdings in TE Connectivity were worth $22,145,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TEL. JNBA Financial Advisors lifted its stake in shares of TE Connectivity by 67.1% in the 2nd 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. Pin Oak Investment Advisors Inc. purchased a new stake in TE Connectivity during the 2nd quarter valued at $34,000. Commonwealth Retirement Investments LLC bought a new stake in TE Connectivity in the fourth quarter worth $40,000. MV Capital Management Inc. purchased a new position in TE Connectivity during the fourth quarter worth $41,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 127 shares during the period. 91.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. Evercore reissued an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Citigroup cut their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Barclays increased their price target on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Finally, Robert W. Baird reduced their price target on shares of 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 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Trading Up 0.0%

TEL opened at $208.67 on Monday. 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 stock’s fifty day moving average is $205.62 and its two-hundred day moving average is $210.65. The company has a market capitalization of $60.41 billion, a P/E ratio of 20.46, a PEG ratio of 1.40 and a beta of 1.16. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The business 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 business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Analysts forecast that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Announces Dividend

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