TE Connectivity Ltd. $TEL Stake Raised by Flputnam Investment Management Co.

Flputnam Investment Management Co. increased its holdings in TE Connectivity Ltd. (NYSE:TELFree Report) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,588 shares of the electronics maker’s stock after buying an additional 3,985 shares during the quarter. Flputnam Investment Management Co.’s holdings in TE Connectivity were worth $10,199,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in shares of TE Connectivity during the second quarter valued at $34,000. Commonwealth Retirement Investments LLC acquired a new position in shares of TE Connectivity during the fourth quarter valued at $40,000. MV Capital Management Inc. bought a new stake in shares of TE Connectivity during the fourth quarter valued at about $41,000. Finally, Cornerstone Planning Group LLC lifted its holdings in TE Connectivity by 118.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 104 shares during the period. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Down 0.1%

Shares of NYSE:TEL opened at $202.79 on Friday. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The company has a market cap of $58.71 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. The firm has a 50 day simple moving average of $205.23 and a 200 day simple moving average of $211.60.

TE Connectivity (NYSE:TELGet Free Report) last announced 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 company had revenue of $5.16 billion for 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 company’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio is presently 30.59%.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a research report on Thursday, July 23rd. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. Evercore reiterated an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a report on Monday, June 22nd. Citigroup lowered their price objective on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.15.

View Our Latest Stock Analysis on TEL

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

About TE Connectivity

(Free Report)

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.

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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