Vontobel Holding Ltd. Acquires 11,397 Shares of TE Connectivity Ltd. $TEL

Key Points

• Vontobel Holding increased its TE Connectivity stake by 4% in the third quarter, acquiring 11,397 additional shares and ending with 296,854 shares valued at approximately $62.7 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 $258.07, despite some target-price reductions.
• TE Connectivity reported quarterly earnings and revenue above analyst expectations, with earnings per share of $2.94 and revenue of $5.16 billion. The company also declared a quarterly dividend of $0.78 per share, equivalent to a 1.5% annual yield.

Vontobel Holding Ltd. increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 296,854 shares of the electronics maker's stock after acquiring an additional 11,397 shares during the quarter. Vontobel Holding Ltd. owned about 0.10% of TE Connectivity worth $62,660,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. JNBA Financial Advisors boosted its holdings in shares of TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker's stock worth $26,000 after purchasing an additional 51 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of TE Connectivity in the second quarter valued at approximately $34,000. MV Capital Management Inc. acquired a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $41,000. Bayban acquired a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC lifted its position in TE Connectivity by 43.5% during the third quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker's stock worth $45,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TEL. Robert W. Baird boosted their price objective on TE Connectivity from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 6th. Jefferies Financial Group cut their target price on TE Connectivity from $265.00 to $235.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Evercore reiterated an "in-line" rating and set a $230.00 price target on shares of TE Connectivity in a report on Monday, June 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of TE Connectivity in a research report on Friday, July 24th. Finally, The Goldman Sachs Group upped their price objective on shares of TE Connectivity from $284.00 to $288.00 and gave the company a "buy" rating in a report on Tuesday, October 6th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and a consensus price target of $258.07.

TE Connectivity Trading Down 0.4%

TEL traded down $0.81 during trading hours on Friday, reaching $212.19. The company's stock had a trading volume of 1,985,157 shares, compared to its average volume of 1,794,551. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The stock has a market cap 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 business's 50-day moving average is $210.28 and its 200-day moving average is $210.32. 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 issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping 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 company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts predict that TE Connectivity Ltd. will post 11.49 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity's dividend payout ratio is currently 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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