11,397 TE Connectivity Ltd. $TEL Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 296,854 shares of the electronics maker’s stock after acquiring an additional 11,397 shares during the quarter. Vontobel Holding Ltd.’s holdings in TE Connectivity were worth $62,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TEL. JNBA Financial Advisors increased its holdings in 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. Legacy Wealth Asset Management LLC lifted its stake in TE Connectivity by 0.7% during the second quarter. Legacy Wealth Asset Management LLC now owns 7,837 shares of the electronics maker’s stock worth $1,580,000 after purchasing an additional 52 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in TE Connectivity by 0.8% during the third quarter. First Citizens Bank & Trust Co. now owns 6,577 shares of the electronics maker’s stock worth $1,388,000 after purchasing an additional 52 shares in the last quarter. First County Bank CT boosted its position in shares of TE Connectivity by 2.4% during the third quarter. First County Bank CT now owns 2,326 shares of the electronics maker’s stock worth $491,000 after buying an additional 54 shares during the period. Finally, Advocacy Wealth Management LLC boosted its position in shares of TE Connectivity by 1.0% during the second quarter. Advocacy Wealth Management LLC now owns 5,747 shares of the electronics maker’s stock worth $1,159,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TEL. The Goldman Sachs Group lifted their price objective on TE Connectivity from $284.00 to $288.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. UBS Group increased their target price on TE Connectivity from $241.00 to $253.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Jefferies Financial Group lowered their target price on TE Connectivity from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Wells Fargo & Company lifted their target price on TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research report on Friday, September 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.07.

TE Connectivity Stock Down 0.4%

TE Connectivity stock traded down $0.81 during mid-day trading on Friday, reaching $212.19. 1,985,157 shares of the company’s stock were exchanged, compared to its average volume of 1,794,551. The company has a market cap of $61.43 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.25 and a beta of 1.14. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. 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 fifty day moving average of $210.28 and a 200-day moving average of $210.32.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion during 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 firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts expect that TE Connectivity Ltd. will post 11.49 EPS for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. TE Connectivity’s dividend payout ratio (DPR) is presently 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.