7,386 TE Connectivity Ltd. $TEL Shares Bought by First Financial Bank Trust Division

Key Points

• First Financial Bank Trust Division increased its TE Connectivity stake by 37% in the third quarter, purchasing 7,386 additional shares for a total holding of 27,375 shares valued at approximately $5.78 million. Institutional investors collectively own 91.43% of the company.
• Analysts maintain a generally positive outlook, with TE Connectivity carrying a consensus “Moderate Buy” rating and an average price target of $251.36, above its reported trading price of $217.81.
• TE Connectivity exceeded quarterly earnings and revenue expectations, reporting $2.94 in adjusted EPS and $5.16 billion in revenue, while revenue rose 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, equivalent to a 1.4% yield.

First Financial Bank Trust Division boosted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 37.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,375 shares of the electronics maker's stock after buying an additional 7,386 shares during the quarter. First Financial Bank Trust Division's holdings in TE Connectivity were worth $5,778,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of research reports. UBS Group reiterated 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 raised their target price on TE Connectivity from $209.00 to $220.00 and gave the stock a "cautious" rating in a research report on Friday, September 11th. Evercore restated an "in-line" rating and set a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Robert W. Baird lowered their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a research note on Thursday, July 23rd. Finally, Barclays raised their price objective on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, June 15th. One 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $251.36.

TE Connectivity Stock Performance

TE Connectivity stock traded up $6.73 during trading on Thursday, reaching $217.81. The company had a trading volume of 1,562,264 shares, compared to its average volume of 2,383,368. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The firm's 50-day simple moving average is $208.71 and its 200 day simple moving average is $209.17. The firm has a market capitalization of $63.06 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.42 and a beta of 1.16. 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 (NYSE:TEL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share 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 the consensus estimate of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts forecast that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal 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 given a dividend of $0.78 per share. 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 presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.