Envestnet Asset Management Inc. Boosts Holdings in TE Connectivity Ltd. $TEL

Key Points

• Envestnet Asset Management increased its TE Connectivity stake by 3.3% in the second quarter, adding 48,212 shares to own 1.50 million shares valued at approximately $303.3 million. Institutional investors collectively own 91.43% of the company.
• TE Connectivity reported quarterly earnings of $2.94 per share, beating estimates of $2.85, while revenue rose 13.8% year over year to $5.16 billion. The company also issued fourth-quarter 2026 EPS guidance of $3.05.
• The company declared a quarterly dividend of $0.78 per share, or $3.12 annually, representing a 1.5% yield. Analysts hold a consensus “Moderate Buy” rating with an average price target of $251.36.

Envestnet Asset Management Inc. increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,504,559 shares of the electronics maker's stock after acquiring an additional 48,212 shares during the period. Envestnet Asset Management Inc. owned about 0.52% of TE Connectivity worth $303,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of TE Connectivity during the 4th quarter valued at approximately $938,706,000. Wellington Management Group LLP increased its holdings in TE Connectivity by 48.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker's stock worth $1,554,259,000 after acquiring an additional 2,507,569 shares in the last quarter. J. Stern & Co. LLP purchased a new position in TE Connectivity during the fourth quarter valued at $445,402,000. Arrowstreet Capital Limited Partnership lifted its holdings in TE Connectivity by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker's stock valued at $706,457,000 after purchasing an additional 1,721,235 shares in the last quarter. Finally, Man Group plc grew its position in shares of TE Connectivity by 259.9% in the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker's stock valued at $284,941,000 after purchasing an additional 904,468 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Performance

Shares of TEL stock opened at $214.60 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The firm has a market cap of $62.13 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.43 and a beta of 1.16. The firm's 50 day moving average price is $207.65 and its 200-day moving average price is $208.80. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56.

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

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity's dividend payout ratio (DPR) is presently 30.59%.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TE Connectivity in a research note on Friday, July 24th. Sanford C. Bernstein began coverage on TE Connectivity in a research note on Wednesday. They issued an "outperform" rating and a $243.00 price objective for the company. Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 8th. Wall Street Zen raised shares of TE Connectivity from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Wells Fargo & Company increased their target price on shares of TE Connectivity from $209.00 to $220.00 and gave the company a "cautious" rating in a research report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $251.36.

About TE Connectivity

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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