Corient Private Wealth LLC Boosts Holdings in TE Connectivity Ltd. $TEL

Key Points

• Corient Private Wealth LLC increased its TE Connectivity stake by 80.6% in the fourth quarter, ending with 181,900 shares valued at about $41.4 million.
• TE Connectivity reported strong quarterly results, with EPS of $2.73 beating estimates and revenue of $4.74 billion slightly topping expectations; revenue rose 14.4% year over year.
• The company also announced a $3 billion share buyback and a quarterly dividend of $0.78 per share, while analysts currently rate the stock a Moderate Buy with an average target price of $254.64.

Corient Private Wealth LLC lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 80.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,900 shares of the electronics maker's stock after acquiring an additional 81,157 shares during the period. Corient Private Wealth LLC owned 0.06% of TE Connectivity worth $41,387,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at $820,000. Sivia Capital Partners LLC increased its holdings in shares of TE Connectivity by 66.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker's stock worth $425,000 after buying an additional 1,007 shares during the last quarter. Walleye Capital LLC raised its position in shares of TE Connectivity by 14.6% in the 2nd quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker's stock worth $453,000 after buying an additional 343 shares during the period. Squarepoint Ops LLC boosted its holdings in TE Connectivity by 1,214.0% in the second quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker's stock valued at $17,755,000 after acquiring an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC grew its position in TE Connectivity by 75.0% during the second quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker's stock valued at $3,927,000 after acquiring an additional 9,980 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $218.03 on Monday. The business's 50-day simple moving average is $214.88 and its 200 day simple moving average is $220.33. The company has a market cap of $63.64 billion, a P/E ratio of 22.27, a PEG ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. TE Connectivity Ltd. has a one year low of $162.17 and a one year high of $252.56.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.03. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. TE Connectivity's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, sell-side analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity declared that its board has approved a stock buyback program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.4%. TE Connectivity's payout ratio is 31.87%.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 28,200 shares of company stock worth $6,140,644. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

TEL has been the subject of several research analyst reports. UBS Group dropped their price target on TE Connectivity from $272.00 to $261.00 and set a "buy" rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company boosted their target price on TE Connectivity from $214.00 to $226.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of TE Connectivity from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of TE Connectivity from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, TE Connectivity presently has an average rating of "Moderate Buy" and an average target price of $254.64.

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.

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.