Baird Financial Group Inc. Purchases 109,020 Shares of TE Connectivity Ltd. $TEL

Key Points

• Baird Financial Group increased its TE Connectivity stake by 3.5% in the second quarter, adding 109,020 shares to own 3.24 million shares valued at approximately $652.8 million.
• Institutional investors hold 91.43% of TE Connectivity’s outstanding stock, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $251.15.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in earnings per share and $5.16 billion in revenue; revenue rose 13.8% year over year.

Baird Financial Group Inc. raised its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,237,914 shares of the electronics maker's stock after buying an additional 109,020 shares during the period. TE Connectivity accounts for 0.9% of Baird Financial Group Inc.'s investment portfolio, making the stock its 28th biggest holding. Baird Financial Group Inc. owned 1.12% of TE Connectivity worth $652,796,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. JNBA Financial Advisors grew its holdings 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 valued at $26,000 after acquiring an additional 51 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock worth $33,000 after acquiring an additional 127 shares during the period. Pin Oak Investment Advisors Inc. purchased a new position in TE Connectivity in the second quarter worth $34,000. Commonwealth Retirement Investments LLC bought a new position in TE Connectivity in the 4th quarter valued at $40,000. Finally, MV Capital Management Inc. purchased a new stake in shares of TE Connectivity during the 4th quarter valued at $41,000. Institutional investors own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TEL. Citigroup cut their price target on shares of TE Connectivity from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Barclays lifted their price objective on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, June 15th. Wells Fargo & Company dropped their target price on shares of TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 23rd. 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. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $251.15.

TE Connectivity Stock Performance

NYSE TEL opened at $205.05 on Wednesday. The company's 50 day moving average is $205.88 and its 200-day moving average is $210.25. The firm has a market cap of $59.36 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-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.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity's 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 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Company 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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