TE Connectivity Ltd. $TEL Position Increased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its TE Connectivity stake by 30.9% in the second quarter, owning 187,821 shares valued at approximately $37.9 million. Institutional investors collectively own 91.43% of the company.
• TE Connectivity reported quarterly EPS of $2.94 and revenue of $5.16 billion, exceeding analyst estimates, while revenue rose 13.8% year over year. The company issued quarterly guidance of $3.05 EPS for the fourth quarter.
• The company declared a quarterly dividend of $0.78 per share, equivalent to an annualized $3.12 payout and a 1.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $251.15.

Corient Private Wealth LP lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 30.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,821 shares of the electronics maker's stock after acquiring an additional 44,296 shares during the quarter. Corient Private Wealth LP owned about 0.06% of TE Connectivity worth $37,866,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in shares of TE Connectivity by 0.6% in the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker's stock worth $2,981,572,000 after acquiring an additional 76,292 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of TE Connectivity by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker's stock worth $1,425,669,000 after acquiring an additional 161,967 shares in the last quarter. Bank of America Corp DE increased its position in shares of TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker's stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TE Connectivity by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker's stock valued at $1,001,907,000 after purchasing an additional 144,353 shares during the period. Finally, Norges Bank bought a new position in TE Connectivity during the fourth quarter worth $938,706,000. Institutional investors own 91.43% of the company's stock.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $202.95 on Friday. The company has a 50 day moving average of $205.54 and a 200 day moving average of $211.66. 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 market cap of $58.76 billion, a P/E ratio of 19.90, a PEG ratio of 1.37 and a beta of 1.16. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56.

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 analysts' consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the business posted $2.27 EPS. The company'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, research analysts expect that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity's payout ratio is 30.59%.

Insider Buying and Selling at TE Connectivity

In related 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 transaction, the insider directly owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Zacks Research downgraded TE Connectivity from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 8th. Citigroup lowered their price objective on TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Wall Street Zen upgraded TE Connectivity from a "hold" rating to a "buy" rating in a report on Sunday, August 23rd. UBS Group reaffirmed a "buy" rating and set a $241.00 price objective on shares of TE Connectivity in a report on Thursday, July 23rd. Finally, Evercore reissued an "in-line" rating and set a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and a consensus target price of $251.15.

TE Connectivity Company 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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