TD SYNNEX Corporation $SNX Shares Bought by Schwartz Investment Counsel Inc.

Key Points

• Schwartz Investment Counsel Inc. increased its stake in TD SYNNEX by 18.9%, owning 169,500 shares valued at approximately $23 million after acquiring an additional 27,000 shares in the second quarter.
• Analysts have shown positive sentiment towards TD SYNNEX, with Zacks Research upgrading its rating to "strong-buy" and multiple firms raising their price targets, with a consensus target price of $169.55.
• TD SYNNEX announced a quarterly dividend of $0.44 per share, representing a yield of 1.1%, which will be paid on October 31st to shareholders of record on October 17th.

Schwartz Investment Counsel Inc. boosted its holdings in shares of TD SYNNEX Corporation (NYSE:SNX - Free Report) by 18.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,500 shares of the business services provider's stock after buying an additional 27,000 shares during the quarter. Schwartz Investment Counsel Inc. owned 0.21% of TD SYNNEX worth $23,001,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Curbstone Financial Management Corp acquired a new stake in TD SYNNEX during the 2nd quarter worth approximately $400,000. Foster & Motley Inc. lifted its holdings in TD SYNNEX by 10.0% during the 2nd quarter. Foster & Motley Inc. now owns 38,032 shares of the business services provider's stock worth $5,161,000 after buying an additional 3,459 shares in the last quarter. Arista Wealth Management LLC acquired a new stake in TD SYNNEX during the 2nd quarter worth approximately $446,000. Private Trust Co. NA lifted its holdings in TD SYNNEX by 4,077.8% during the 2nd quarter. Private Trust Co. NA now owns 752 shares of the business services provider's stock worth $102,000 after buying an additional 734 shares in the last quarter. Finally, Applied Finance Capital Management LLC acquired a new stake in TD SYNNEX during the 2nd quarter worth approximately $278,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNX has been the topic of a number of research reports. Zacks Research upgraded shares of TD SYNNEX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Barclays raised their price objective on shares of TD SYNNEX from $140.00 to $164.00 and gave the company an "equal weight" rating in a report on Friday, September 26th. Royal Bank Of Canada raised their price objective on shares of TD SYNNEX from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, September 26th. Loop Capital raised their price objective on shares of TD SYNNEX from $150.00 to $160.00 and gave the company a "buy" rating in a report on Monday, June 30th. Finally, Bank of America raised their price objective on shares of TD SYNNEX from $170.00 to $180.00 and gave the company a "buy" rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $169.55.

TD SYNNEX Trading Up 1.2%

NYSE SNX opened at $155.00 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 0.71. The firm's fifty day moving average price is $152.73 and its 200 day moving average price is $135.35. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43. TD SYNNEX Corporation has a 12 month low of $92.23 and a 12 month high of $167.76.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Thursday, September 25th. The business services provider reported $2.74 EPS for the quarter, missing analysts' consensus estimates of $3.05 by ($0.31). The company had revenue of $15.65 billion during the quarter, compared to analysts' expectations of $15.11 billion. TD SYNNEX had a net margin of 1.27% and a return on equity of 12.13%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $2.86 earnings per share. TD SYNNEX has set its Q4 2025 guidance at 3.450-3.950 EPS. On average, sell-side analysts expect that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 17th. TD SYNNEX's dividend payout ratio (DPR) is presently 19.09%.

Insiders Place Their Bets

In other TD SYNNEX news, CFO Marshall Witt sold 861 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $149.84, for a total transaction of $129,012.24. Following the transaction, the chief financial officer directly owned 49,777 shares of the company's stock, valued at approximately $7,458,585.68. This trade represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the firm's stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $155.90, for a total transaction of $779,500.00. Following the transaction, the director directly owned 62,515 shares in the company, valued at $9,746,088.50. The trade was a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,673 shares of company stock valued at $1,030,653. Insiders own 1.00% of the company's stock.

TD SYNNEX Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.

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