TE Connectivity Ltd. $TEL Stock: Perpetual Ltd Raises Holdings

Key Points

• Perpetual Ltd. increased its TE Connectivity stake by 25.9% in the third quarter, adding 297,563 shares to own 1.45 million shares valued at approximately $305.5 million. Institutional investors and hedge funds collectively own 91.43% of the company.
• TE Connectivity reported quarterly revenue of $5.16 billion and earnings of $2.94 per share, exceeding analyst expectations, while revenue rose 13.8% year over year.
• The company declared a quarterly dividend of $0.78 per share, equivalent to an annualized $3.12 payout and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $258.07.

Perpetual Ltd lifted its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,447,265 shares of the electronics maker's stock after acquiring an additional 297,563 shares during the period. TE Connectivity makes up approximately 4.8% of Perpetual Ltd's portfolio, making the stock its biggest position. Perpetual Ltd owned approximately 0.50% of TE Connectivity worth $305,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its position in shares of TE Connectivity by 5.7% during the 2nd quarter. State Street Corp now owns 13,639,381 shares of the electronics maker's stock valued at $2,750,079,000 after purchasing an additional 730,084 shares in the last quarter. Wellington Management Group LLP increased its holdings in TE Connectivity by 48.2% in the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker's stock worth $1,554,259,000 after purchasing an additional 2,507,569 shares in the last quarter. Baird Financial Group Inc. lifted its stake in TE Connectivity by 3.5% in the second quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker's stock valued at $652,796,000 after buying an additional 109,020 shares during the period. Dimensional Fund Advisors LP lifted its stake in TE Connectivity by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker's stock valued at $618,121,000 after buying an additional 118,284 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of TE Connectivity by 7.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,861,466 shares of the electronics maker's stock worth $651,247,000 after buying an additional 186,487 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Trading Down 0.6%

Shares of TE Connectivity stock opened at $216.97 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The stock has a 50 day moving average price of $210.58 and a two-hundred day moving average price of $210.15. The stock has a market capitalization of $62.82 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company'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. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, November 20th. This represents a $3.12 annualized dividend and a yield of 1.4%. TE Connectivity's dividend payout ratio is presently 30.59%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TEL. HSBC reduced their price objective on shares of TE Connectivity from $234.00 to $216.00 and set a "hold" rating for the company in a research report on Thursday, July 23rd. Sanford C. Bernstein initiated coverage on shares of TE Connectivity in a research report on Wednesday, September 23rd. They set an "outperform" rating and a $243.00 target price on the stock. Wall Street Zen lowered shares of TE Connectivity from a "buy" rating to a "hold" rating in a research note on Saturday. Robert W. Baird raised their price target on shares of TE Connectivity from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, October 6th. Finally, The Goldman Sachs Group lifted their price target on shares of TE Connectivity from $284.00 to $288.00 and gave the company a "buy" rating in a research note on Tuesday, October 6th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently 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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