Foster & Motley Inc. Buys Shares of 25,438 TE Connectivity Ltd. $TEL

Key Points

• Foster & Motley acquired 25,438 shares of TE Connectivity in the second quarter, worth approximately $5.13 million. Institutional investors and hedge funds own 91.43% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $251.15, although some firms recently lowered their targets. TE Connectivity shares opened at $205.13, down 5.6%.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in adjusted EPS and $5.16 billion in revenue, up 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, implying a 1.5% annualized yield.

Foster & Motley Inc. purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,438 shares of the electronics maker's stock, valued at approximately $5,129,000.

A number of other large investors also recently modified their holdings of TEL. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity in the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity during the 4th quarter valued at about $40,000. MV Capital Management Inc. bought a new stake in shares of TE Connectivity during the 4th quarter worth about $41,000. Cornerstone Planning Group LLC lifted its stake in shares of TE Connectivity by 118.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker's stock worth $43,000 after acquiring an additional 104 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of TE Connectivity by 189.6% in the 2nd 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. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on TEL. Evercore reiterated an "in-line" rating and set a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research note on Wednesday, April 22nd. Wells Fargo & Company lowered their price target on TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 23rd. UBS Group reissued a "buy" rating and issued a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Finally, Citigroup cut their price objective on TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a report on Monday, July 13th. One research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $251.15.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider directly owned 25,976 shares of the company's stock, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

TE Connectivity Stock Down 5.6%

NYSE TEL opened at $205.13 on Wednesday. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56. The company has a market capitalization of $59.39 billion, a P/E ratio of 20.11, a PEG ratio of 1.45 and a beta of 1.16. The company's 50 day simple moving average is $206.81 and its 200 day simple moving average is $212.53. 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 issued 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 firm had revenue of $5.16 billion during the quarter, compared to analysts' expectations of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders 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 dividend yield of 1.5%. TE Connectivity's dividend payout ratio (DPR) is currently 30.59%.

TE Connectivity 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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