TE Connectivity Ltd. $TEL Shares Acquired by CX Institutional

CX Institutional raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 16.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,020 shares of the electronics maker’s stock after buying an additional 5,974 shares during the period. CX Institutional’s holdings in TE Connectivity were worth $8,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of 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 acquiring an additional 51 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in TE Connectivity during the 2nd quarter worth $34,000. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity in the 4th quarter worth about $40,000. MV Capital Management Inc. bought a new position in TE Connectivity in the fourth quarter valued at about $41,000. Finally, Bayban acquired a new stake in shares of TE Connectivity during the fourth quarter valued at about $44,000. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TEL. Barclays upped their price objective on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Evercore reissued an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Citigroup decreased their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $251.36.

TE Connectivity Trading Up 1.1%

Shares of NYSE:TEL traded up $2.45 during trading on Friday, reaching $220.21. The stock had a trading volume of 1,275,104 shares, compared to its average volume of 2,377,589. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The firm’s fifty day moving average is $209.09 and its 200 day moving average is $209.30. The stock has a market cap of $63.75 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.41 and a beta of 1.14.

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, topping analysts’ consensus estimates of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 20th. TE Connectivity’s payout ratio is currently 30.59%.

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.