TE Connectivity Ltd. $TEL Stock Bought by Cardinal Capital Management Inc.

Key Points

• Cardinal Capital Management increased its TE Connectivity holdings by 12.9% in the third quarter, bringing its position to 176,320 shares valued at approximately $37.2 million. Institutional investors collectively own 91.43% of the company.
• TE Connectivity reported quarterly EPS of $2.94, exceeding estimates of $2.85, while revenue rose 13.8% year over year to $5.16 billion. The company also declared a quarterly dividend of $0.78 per share, equivalent to a 1.5% annual yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $258.07, compared with the stock’s recent price of $212.19.

Cardinal Capital Management Inc. grew its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,320 shares of the electronics maker's stock after acquiring an additional 20,113 shares during the period. Cardinal Capital Management Inc. owned about 0.06% of TE Connectivity worth $37,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TEL. JNBA Financial Advisors raised its stake in shares of TE Connectivity by 67.1% in the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in TE Connectivity during the 2nd quarter worth $34,000. MV Capital Management Inc. acquired a new position in TE Connectivity during the 4th quarter worth $41,000. Bayban purchased a new stake in TE Connectivity during the 4th quarter worth about $44,000. Finally, Fortitude Family Office LLC increased its holdings in TE Connectivity by 43.5% during the 3rd quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker's stock worth $45,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 0.4%

Shares of NYSE:TEL opened at $212.19 on Friday. The company has a market capitalization of $61.43 billion, a PE ratio of 20.80, a P/E/G ratio of 1.25 and a beta of 1.14. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The firm has a 50 day simple moving average of $210.28 and a 200-day simple moving average of $210.32.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter in the prior 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. On average, equities analysts predict that TE Connectivity Ltd. will post 11.49 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 20th. TE Connectivity's dividend payout ratio is currently 30.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein started coverage on TE Connectivity in a research report on Wednesday, September 23rd. They issued an "outperform" rating and a $243.00 price target on the stock. The Goldman Sachs Group boosted their price objective on TE Connectivity from $284.00 to $288.00 and gave the stock a "buy" rating in a research report on Tuesday, October 6th. Citigroup cut their target price on shares of TE Connectivity from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, July 13th. Wall Street Zen lowered shares of TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Finally, UBS Group raised their target price on shares of TE Connectivity from $241.00 to $253.00 and gave the company a "buy" rating in a report on Wednesday, October 7th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $258.07.

TE Connectivity Company Profile

TE Connectivity Ltd. NYSE: TEL is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.

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