Empowered Funds LLC lifted its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 108.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,460 shares of the electronics maker's stock after acquiring an additional 50,111 shares during the period. Empowered Funds LLC's holdings in TE Connectivity were worth $19,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in TE Connectivity during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. lifted its holdings in TE Connectivity by 189.6% during 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 in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth about $40,000. MV Capital Management Inc. purchased a new stake in TE Connectivity during the 4th quarter worth approximately $41,000. Finally, Cornerstone Planning Group LLC lifted its holdings in TE Connectivity by 118.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker's stock valued at $43,000 after purchasing an additional 104 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Stock Performance
Shares of TEL stock opened at $202.79 on Friday. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56. 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 $58.71 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.36 and a beta of 1.16. The stock's 50-day moving average is $205.23 and its two-hundred day moving average is $211.60.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.
TE Connectivity Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a $0.78 dividend. 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 payout ratio is presently 30.59%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Evercore reissued an "in-line" rating and set a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. UBS Group reissued a "buy" rating and issued a $241.00 target price on shares of TE Connectivity in a research report on Thursday, July 23rd. Barclays lifted their price objective 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. Zacks Research downgraded TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of TE Connectivity in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of "Moderate Buy" and an average price target of $251.15.
Check Out Our Latest Stock Analysis on TEL
Insider Buying and Selling
In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.
About TE Connectivity
(
Free Report)
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.
Further Reading
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