TE Connectivity Ltd. $TEL Stock: TD Waterhouse Canada Inc. Grows Holdings

Key Points

• Institutional interest increased: TD Waterhouse Canada raised its TE Connectivity holdings by 231.2% to 27,310 shares, while institutional investors and hedge funds collectively own 91.43% of the company.
• Strong quarterly results: TE Connectivity reported adjusted EPS of $2.94, beating estimates by $0.09, and revenue of $5.16 billion, up 13.8% year over year and above analyst expectations.
• Analysts remain broadly positive: The stock has a “Moderate Buy” consensus rating and an average price target of $258.07, compared with a recent share price of $212.47. The company also announced a quarterly dividend of $0.78 per share, yielding approximately 1.5%.

TD Waterhouse Canada Inc. increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 231.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,310 shares of the electronics maker's stock after acquiring an additional 19,063 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in TE Connectivity were worth $5,989,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp increased its holdings in shares of TE Connectivity by 5.7% during the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker's stock worth $2,750,079,000 after purchasing an additional 730,084 shares during the period. Wellington Management Group LLP raised its position in shares of 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 valued at $1,554,259,000 after buying an additional 2,507,569 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of 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 grew its position in TE Connectivity by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker's stock worth $618,121,000 after buying an additional 118,284 shares in the last quarter. Finally, Amundi grew its position in TE Connectivity by 37.2% during the first quarter. Amundi now owns 2,256,878 shares of the electronics maker's stock worth $471,733,000 after buying an additional 612,180 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $212.47 on Tuesday. The company has a 50 day moving average of $210.24 and a 200-day moving average of $210.43. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $61.51 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 11.49 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th 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 of this dividend is Friday, November 20th. TE Connectivity's dividend payout ratio (DPR) is currently 30.59%.

Analysts Set New Price Targets

A number of equities analysts have commented on TEL shares. Wall Street Zen upgraded TE Connectivity from a "hold" rating to a "buy" rating in a research note on Sunday. Truist Financial dropped their price objective on TE Connectivity from $240.00 to $215.00 and set a "hold" rating for the company in a report on Thursday, July 23rd. The Goldman Sachs Group upped their target price on TE Connectivity from $284.00 to $288.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Jefferies Financial Group reduced their target price on TE Connectivity from $265.00 to $235.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Finally, Citigroup reduced their target price on TE Connectivity from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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 help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company's product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.

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