Northwestern Mutual Wealth Management Co. Boosts Position in TE Connectivity Ltd. $TEL

Key Points

• Northwestern Mutual Wealth Management increased its TE Connectivity stake by 53.1% in the second quarter, bringing its holdings to 19,306 shares valued at approximately $3.9 million. Institutional investors collectively own 91.43% of the company.
• TE Connectivity reported quarterly EPS of $2.94, beating estimates of $2.85, while revenue rose 13.8% year over year to $5.16 billion. The company issued fourth-quarter 2026 EPS guidance of $3.05.
• The company declared a quarterly dividend of $0.78 per share, or $3.12 annualized, representing a 1.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $251.15.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 53.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,306 shares of the electronics maker's stock after buying an additional 6,692 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in TE Connectivity were worth $3,892,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 127 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in TE Connectivity during the 2nd quarter valued at $34,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of TE Connectivity in the 4th quarter worth $40,000. MV Capital Management Inc. bought a new position in shares of TE Connectivity during the 4th quarter worth $41,000. Finally, Bayban bought a new position in shares of TE Connectivity during the 4th quarter worth $44,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Trading Up 3.2%

NYSE:TEL opened at $208.78 on Friday. The stock has a market capitalization of $60.44 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.35 and a beta of 1.16. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $205.41 and a 200 day moving average of $210.84.

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 (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The business's revenue for the quarter was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity's dividend payout ratio (DPR) is 30.59%.

Analysts Set New Price Targets

Several research firms recently weighed in on TEL. Wall Street Zen upgraded TE Connectivity from a "hold" rating to a "buy" rating in a report on Sunday, August 23rd. Barclays boosted their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, June 15th. Robert W. Baird cut their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a report on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of TE Connectivity in a report on Friday, July 24th. Finally, Wells Fargo & Company cut their price target on TE Connectivity from $230.00 to $209.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $251.15.

About TE Connectivity

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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