NorthCrest Asset Manangement LLC Makes New Investment in TE Connectivity Ltd. $TEL

NorthCrest Asset Manangement LLC purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 3rd quarter, HoldingsChannel reports. The firm purchased 3,638 shares of the electronics maker’s stock, valued at approximately $780,000.

Several other large investors have also added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its holdings in TE Connectivity by 11.1% in the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock worth $52,506,000 after purchasing an additional 23,074 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of TE Connectivity by 324.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker’s stock worth $12,574,000 after purchasing an additional 47,691 shares during the period. Man Group plc boosted its stake in shares of TE Connectivity by 259.9% during the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after purchasing an additional 904,468 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of TE Connectivity by 34.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 773,242 shares of the electronics maker’s stock valued at $175,920,000 after purchasing an additional 197,369 shares in the last quarter. Finally, Seascape Capital Management purchased a new position in shares of TE Connectivity during the first quarter valued at about $2,256,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL opened at $212.89 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $61.63 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.24 and a beta of 1.14. The stock has a fifty day simple moving average of $210.36 and a two-hundred day simple moving average of $210.31. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Research analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm 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 dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of TE Connectivity from $284.00 to $288.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Wall Street Zen lowered shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Jefferies Financial Group cut their price objective on TE Connectivity from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Finally, Robert W. Baird increased their target price on TE Connectivity from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.07.

About TE Connectivity

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.