136,176 Shares in TE Connectivity Ltd. $TEL Bought by Madison Asset Management LLC

Key Points

• Madison Asset Management purchased 136,176 TE Connectivity shares worth approximately $27.45 million, while institutional investors collectively own 91.43% of the company.
• TE Connectivity reported quarterly EPS of $2.94, beating estimates by $0.09, and revenue of $5.16 billion, up 13.8% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $251.15.
• The company declared a quarterly dividend of $0.78 per share, equivalent to $3.12 annually and a 1.5% yield. Shares recently opened at $203.89, down 0.5%.

Madison Asset Management LLC purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 136,176 shares of the electronics maker's stock, valued at approximately $27,454,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC lifted its position in TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker's stock worth $52,506,000 after buying an additional 23,074 shares during the last quarter. Man Group plc boosted its holdings in 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 acquiring an additional 904,468 shares during the period. Jefferies Financial Group Inc. grew its position in TE Connectivity by 575.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker's stock valued at $8,303,000 after acquiring an additional 31,096 shares during the last quarter. Swedbank AB increased its stake in TE Connectivity by 8.1% in the fourth quarter. Swedbank AB now owns 84,831 shares of the electronics maker's stock worth $19,300,000 after purchasing an additional 6,385 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of TE Connectivity by 2,766.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker's stock worth $63,082,000 after purchasing an additional 267,598 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company's stock, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Trading Down 0.5%

Shares of NYSE TEL opened at $203.89 on Thursday. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56. The business has a fifty day moving average price of $206.84 and a 200 day moving average price of $212.37. The stock has a market capitalization of $59.03 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

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

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity's payout ratio is presently 30.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a research report on Friday, July 24th. Robert W. Baird decreased their price target on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating for the company in a research note on Thursday, July 23rd. Citigroup lowered their price target on TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a report on Monday, July 13th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.15.

TE Connectivity Profile

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.

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