Corient Private Wealth LP Buys 31,529 Shares of TE Connectivity Ltd. $TEL

Corient Private Wealth LP lifted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 22.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,054 shares of the electronics maker's stock after acquiring an additional 31,529 shares during the quarter. Corient Private Wealth LP owned 0.06% of TE Connectivity worth $35,292,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JNBA Financial Advisors increased 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. acquired a new stake in shares of TE Connectivity in the second quarter worth approximately $34,000. Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity in the 4th quarter valued at $40,000. MV Capital Management Inc. acquired a new stake in TE Connectivity during the 4th quarter worth $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock worth $33,000 after purchasing an additional 127 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings reiterated a "buy (b)" rating on shares of TE Connectivity in a research report on Friday, July 24th. Barclays boosted their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday, June 15th. Zacks Research cut TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 8th. Finally, Robert W. Baird lowered their price target on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $252.00.

TE Connectivity Stock Performance

TEL opened at $212.18 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The stock's 50 day simple moving average is $206.37 and its 200 day simple moving average is $209.71. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56. The stock has a market cap of $61.43 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.42 and a beta of 1.16.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion during 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 revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Profile

TE Connectivity Ltd. NYSE: TEL designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.

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