TE Connectivity Ltd. $TEL Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd. cut its TE Connectivity stake by 60.3% in the second quarter, selling 25,018 shares and retaining 16,486 shares valued at approximately $3.32 million.
• TE Connectivity reported stronger-than-expected quarterly results, with EPS of $2.94 versus the $2.85 consensus and revenue of $5.16 billion versus $5.01 billion expected. Revenue increased 13.8% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and a $252 average price target, although one firm downgraded the stock to “Hold” and Citigroup lowered its target to $230.

WINTON GROUP Ltd cut its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 60.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,486 shares of the electronics maker's stock after selling 25,018 shares during the quarter. WINTON GROUP Ltd's holdings in TE Connectivity were worth $3,324,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. JNBA Financial Advisors raised its stake in TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock valued at $26,000 after acquiring an additional 51 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of TE Connectivity in the second quarter valued at approximately $34,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of TE Connectivity during the fourth quarter worth approximately $40,000. MV Capital Management Inc. acquired a new stake in shares of TE Connectivity during the fourth quarter worth $41,000. Finally, Geneos Wealth Management Inc. grew its position in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock valued at $33,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $212.18 on Friday. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56. The firm has a market capitalization of $61.43 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. The business's 50 day simple moving average is $206.37 and its 200-day simple moving average is $209.86. 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 (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen cut shares of TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday. Weiss Ratings reissued a "buy (b)" rating on shares of TE Connectivity in a report on Friday, July 24th. Citigroup reduced their price objective on shares of TE Connectivity from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Evercore reiterated an "in-line" rating and set a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. Finally, UBS Group restated a "buy" rating and issued a $241.00 price target on shares of TE Connectivity in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $252.00.

About TE Connectivity

TE Connectivity Ltd. NYSE: TEL designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.

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