Baird Financial Group Inc. Increases Stock Position in TE Connectivity Ltd. $TEL

Key Points

• Baird Financial Group Inc. increased its holdings in TE Connectivity Ltd. by 5.1% in the first quarter, now owning 2,626,731 shares valued at approximately $371.21 million.
• TE Connectivity recently reported a quarterly revenue of $4.53 billion, exceeding analysts' expectations, and announced a $0.71 quarterly dividend with an annualized yield of 1.4%.
• Several institutional investors have recently acquired positions in TE Connectivity, resulting in institutional ownership of 91.43% of the company's stock.

Baird Financial Group Inc. grew its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,626,731 shares of the electronics maker's stock after buying an additional 127,860 shares during the period. Baird Financial Group Inc. owned approximately 0.89% of TE Connectivity worth $371,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TEL. Panagora Asset Management Inc. lifted its holdings in shares of TE Connectivity by 868.7% during the 1st quarter. Panagora Asset Management Inc. now owns 87,378 shares of the electronics maker's stock worth $12,348,000 after acquiring an additional 78,358 shares during the last quarter. Vident Advisory LLC raised its position in TE Connectivity by 87.8% during the first quarter. Vident Advisory LLC now owns 17,278 shares of the electronics maker's stock valued at $2,442,000 after purchasing an additional 8,080 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in TE Connectivity by 7.5% during the first quarter. Evergreen Capital Management LLC now owns 6,425 shares of the electronics maker's stock worth $908,000 after purchasing an additional 449 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of TE Connectivity by 7.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,577,343 shares of the electronics maker's stock worth $222,910,000 after purchasing an additional 102,583 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of TE Connectivity during the 1st quarter valued at about $3,757,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TEL shares. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $170.00 to $198.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Bank of America lifted their price objective on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Robert W. Baird boosted their price target on shares of TE Connectivity from $185.00 to $210.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Citigroup increased their price objective on TE Connectivity from $200.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of TE Connectivity in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and an average target price of $197.55.

TE Connectivity Stock Performance

NYSE:TEL traded down $1.95 during mid-day trading on Tuesday, hitting $204.55. 1,946,886 shares of the company traded hands, compared to its average volume of 1,837,144. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average price is $191.46 and its 200-day moving average price is $164.18. The firm has a market cap of $60.44 billion, a price-to-earnings ratio of 42.35, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $212.76.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.19. The firm had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.30 billion. TE Connectivity had a return on equity of 20.22% and a net margin of 8.78%.The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 22nd will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's dividend payout ratio is 58.80%.

Insider Activity at TE Connectivity

In related news, insider Aaron Kyle Stucki sold 52,900 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total transaction of $10,198,062.00. Following the completion of the sale, the insider owned 23,667 shares in the company, valued at approximately $4,562,524.26. This trade represents a 69.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the transaction, the executive vice president directly owned 24,625 shares in the company, valued at approximately $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,795 shares of company stock worth $22,425,847. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.