CX Institutional Boosts Stake in TE Connectivity Ltd. $TEL

Key Points

• CX Institutional increased its TE Connectivity stake by 16.6% in the third quarter, bringing its holdings to 42,020 shares valued at approximately $8.87 million. Institutional investors and hedge funds collectively own 91.43% of the company.
• Analysts maintain a generally positive outlook, with TE Connectivity receiving a consensus “Moderate Buy” rating and an average price target of $251.36, above its recent trading price of $220.21.
• TE Connectivity exceeded quarterly earnings and revenue estimates, reporting $2.94 in adjusted EPS and $5.16 billion in revenue, while revenue grew 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, representing a 1.4% yield.

CX Institutional boosted its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,020 shares of the electronics maker's stock after buying an additional 5,974 shares during the quarter. CX Institutional's holdings in TE Connectivity were worth $8,870,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. MCF Advisors LLC raised its stake in shares of TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker's stock worth $83,000 after acquiring an additional 45 shares during the last quarter. JNBA Financial Advisors increased its holdings in 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 purchasing an additional 51 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of TE Connectivity by 0.7% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,837 shares of the electronics maker's stock valued at $1,580,000 after acquiring an additional 52 shares during the period. Advocacy Wealth Management LLC boosted its position in shares of TE Connectivity by 1.0% during the second quarter. Advocacy Wealth Management LLC now owns 5,747 shares of the electronics maker's stock worth $1,159,000 after purchasing an additional 56 shares in the last quarter. Finally, Kennebec Savings Bank grew its stake in TE Connectivity by 1.7% in the first quarter. Kennebec Savings Bank now owns 3,455 shares of the electronics maker's stock valued at $722,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TEL. Robert W. Baird reduced their target price 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a research report on Friday, July 24th. Barclays increased their price objective on TE Connectivity from $297.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, June 15th. Zacks Research downgraded TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 8th. Finally, UBS Group reaffirmed a "buy" rating and set a $241.00 price target on shares of TE Connectivity in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $251.36.

TE Connectivity Stock Performance

TEL stock traded up $2.45 during midday trading on Friday, reaching $220.21. 1,275,104 shares of the company were exchanged, compared to its average volume of 2,377,589. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The firm has a market capitalization of $63.75 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. The business has a 50-day moving average price of $209.09 and a two-hundred day moving average price of $209.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 annualized dividend and a yield of 1.4%. TE Connectivity's dividend payout ratio is currently 30.59%.

TE Connectivity Profile

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.

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