Entropy Technologies LP boosted its stake in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 104.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,171 shares of the electronics maker’s stock after buying an additional 3,157 shares during the period. Entropy Technologies LP’s holdings in TE Connectivity were worth $1,290,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in TEL. Renaissance Technologies LLC raised its holdings in shares of TE Connectivity by 289.3% in the 1st quarter. Renaissance Technologies LLC now owns 536,510 shares of the electronics maker’s stock valued at $112,141,000 after buying an additional 398,710 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in TE Connectivity by 3.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 14,204 shares of the electronics maker’s stock valued at $2,969,000 after acquiring an additional 497 shares during the period. Compound Planning Inc. grew its position in TE Connectivity by 7.7% in the 1st quarter. Compound Planning Inc. now owns 7,587 shares of the electronics maker’s stock valued at $1,586,000 after acquiring an additional 545 shares in the last quarter. Inceptionr LLC purchased a new stake in TE Connectivity during the first quarter worth about $1,770,000. Finally, Bowen Hanes & Co. Inc. lifted its position in shares of TE Connectivity by 12.8% during the first quarter. Bowen Hanes & Co. Inc. now owns 220,000 shares of the electronics maker’s stock worth $45,984,000 after purchasing an additional 25,000 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently commented on TEL. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. UBS Group reissued a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a research report on Thursday. Barclays boosted their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. Finally, Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.15.
TE Connectivity Stock Performance
Shares of TE Connectivity stock opened at $207.46 on Tuesday. The firm has a market capitalization of $60.56 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.36 and a beta of 1.17. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The firm’s 50 day moving average is $205.50 and its two-hundred day moving average is $214.73.
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. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Research analysts forecast that TE Connectivity Ltd. will post 11.45 EPS for the current fiscal year.
TE Connectivity Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st 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, August 21st. TE Connectivity’s dividend payout ratio is currently 30.59%.
Insider Activity
In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.
TE Connectivity Company Profile
TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.
The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.
Featured Articles
- Five stocks we like better than TE Connectivity
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Want to see what other hedge funds are holding TEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TE Connectivity Ltd. (NYSE:TEL – Free Report).
Receive News & Ratings for TE Connectivity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TE Connectivity and related companies with MarketBeat.com's FREE daily email newsletter.
