Tompkins Financial Corp Decreases Stock Position in TE Connectivity Ltd. $TEL

Key Points

• Tompkins Financial reduced its TE Connectivity stake by 15.3% in the third quarter, selling 5,427 shares and retaining 30,045 shares valued at approximately $6.34 million. Institutional investors collectively own 91.43% of the company.
• Analysts maintain a generally positive outlook, with TE Connectivity receiving a consensus “Moderate Buy” rating and an average price target of $251.36, above its reported trading price of $219.63.
• TE Connectivity reported quarterly EPS of $2.94 and revenue of $5.16 billion, surpassing estimates, while revenue grew 13.8% year over year. The company also announced a quarterly dividend of $0.78 per share, representing a 1.4% annualized yield.

Tompkins Financial Corp decreased its holdings in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 15.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,045 shares of the electronics maker's stock after selling 5,427 shares during the period. Tompkins Financial Corp's holdings in TE Connectivity were worth $6,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. MCF Advisors LLC raised its stake in shares of TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker's stock valued at $83,000 after acquiring an additional 45 shares during the period. JNBA Financial Advisors grew its holdings 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 purchasing an additional 51 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in TE Connectivity by 0.7% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,837 shares of the electronics maker's stock worth $1,580,000 after purchasing an additional 52 shares during the period. Advocacy Wealth Management LLC boosted its position in shares of TE Connectivity by 1.0% during the second quarter. Advocacy Wealth Management LLC now owns 5,747 shares of the electronics maker's stock valued at $1,159,000 after buying an additional 56 shares during the period. Finally, Kennebec Savings Bank grew its stake in shares of TE Connectivity by 1.7% during the first quarter. Kennebec Savings Bank now owns 3,455 shares of the electronics maker's stock valued at $722,000 after buying an additional 58 shares during the last quarter. Institutional investors own 91.43% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group reissued a "buy" rating and set a $241.00 target price on shares of TE Connectivity in a report on Thursday, July 23rd. Robert W. Baird cut their price target on TE Connectivity from $240.00 to $225.00 and set an "outperform" rating on the stock in a research report on Thursday, July 23rd. Sanford C. Bernstein started coverage on TE Connectivity in a research report on Wednesday, September 23rd. They set an "outperform" rating and a $243.00 price target for the company. Barclays boosted their price target on TE Connectivity from $297.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, June 15th. Finally, Wall Street Zen raised shares of TE Connectivity from a "hold" rating to a "buy" rating in a research note on Sunday, September 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $251.36.

TE Connectivity Price Performance

TEL stock traded down $0.73 during trading on Monday, reaching $219.63. 338,166 shares of the company were exchanged, compared to its average volume of 2,366,885. The stock's 50 day moving average price is $209.44 and its 200 day moving average price is $209.42. The company has a market cap of $63.58 billion, a P/E ratio of 21.54, a PEG ratio of 1.30 and a beta of 1.14. 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.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate 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 period last year, the firm posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

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

About TE Connectivity

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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