First Financial Bank Trust Division Increases Stock Position in TE Connectivity Ltd. $TEL

First Financial Bank Trust Division lifted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 37.0% during the third quarter, Holdings Channel reports. The institutional investor owned 27,375 shares of the electronics maker’s stock after purchasing an additional 7,386 shares during the period. First Financial Bank Trust Division’s holdings in TE Connectivity were worth $5,778,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. JNBA Financial Advisors raised its holdings in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in TE Connectivity in the 2nd quarter worth approximately $34,000. Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity during the 4th quarter valued at approximately $40,000. MV Capital Management Inc. bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $41,000. Finally, Bayban bought a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup cut their target price on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Barclays boosted their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. UBS Group restated a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their target price on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday, September 11th. Finally, Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.36.

TE Connectivity Price Performance

TEL traded up $6.73 during trading hours on Thursday, hitting $217.81. The company’s stock had a trading volume of 1,562,264 shares, compared to its average volume of 2,383,368. The stock has a market cap of $63.06 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 1.42 and a beta of 1.16. The business’s 50-day moving average price is $208.71 and its 200-day moving average price is $209.17. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating 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 business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the business earned $2.27 earnings per share. TE Connectivity’s quarterly revenue 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. Sell-side analysts expect that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a $0.78 dividend. The ex-dividend date is Friday, November 20th. This represents a $3.12 annualized dividend and a yield of 1.4%. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.