TE Connectivity Ltd. $TEL Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management increased its TE Connectivity stake by 48.2% in the second quarter, purchasing 2.51 million additional shares and bringing its holdings to 7.71 million shares worth approximately $1.55 billion. Institutional investors and hedge funds collectively own 91.43% of the stock.
• Analysts maintain a generally positive view, with TE Connectivity receiving a “Moderate Buy” consensus rating and an average price target of $251.15. Recent targets range from $225 to $300.
• TE Connectivity exceeded quarterly expectations, reporting $2.94 in adjusted earnings per share and $5.16 billion in revenue, up 13.8% year over year. The company also declared a quarterly dividend of $0.78 per share, equivalent to a 1.5% yield.

Wellington Management Group LLP boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 48.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,709,235 shares of the electronics maker's stock after purchasing an additional 2,507,569 shares during the period. Wellington Management Group LLP owned approximately 2.66% of TE Connectivity worth $1,554,259,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TEL. Kohmann Bosshard Financial Services LLC purchased a new position in shares of TE Connectivity during the fourth quarter worth about $25,000. Pin Oak Investment Advisors Inc. acquired a new position in TE Connectivity in the 2nd quarter valued at about $34,000. Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity during the 4th quarter valued at approximately $40,000. MV Capital Management Inc. acquired a new stake in TE Connectivity during the 4th quarter worth approximately $41,000. Finally, Cornerstone Planning Group LLC lifted its position in TE Connectivity by 118.2% during 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. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TEL. Barclays boosted their target price on TE Connectivity from $297.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, June 15th. Evercore reiterated an "in-line" rating and issued a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. Robert W. Baird dropped their price objective on shares of TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of TE Connectivity from a "hold" rating to a "buy" rating in a research report on Sunday, August 23rd. Finally, UBS Group restated a "buy" rating and issued a $241.00 target price on shares of TE Connectivity in a research note 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $251.15.

TE Connectivity Stock Down 0.1%

TEL opened at $202.79 on Friday. 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 Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56. The stock has a market capitalization of $58.71 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.36 and a beta of 1.16. The business has a 50 day simple moving average of $205.23 and a 200-day simple moving average of $211.60.

TE Connectivity (NYSE:TEL - Get Free Report) last announced its quarterly earnings data 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. 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 analyst estimates of $5.01 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. TE Connectivity's quarterly revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared 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. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity's dividend payout ratio (DPR) is currently 30.59%.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares of the company's stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 company insiders.

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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