Ninety One UK Ltd decreased its holdings in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,051 shares of the electronics maker’s stock after selling 8,117 shares during the quarter. Ninety One UK Ltd owned about 0.13% of TE Connectivity worth $78,533,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. JNBA Financial Advisors increased its position 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 period. Pin Oak Investment Advisors Inc. bought a new position in TE Connectivity in the second quarter worth about $34,000. MV Capital Management Inc. bought a new position in TE Connectivity in the fourth quarter worth about $41,000. Bayban purchased a new stake in TE Connectivity in the fourth quarter worth about $44,000. Finally, Fortitude Family Office LLC lifted its holdings in TE Connectivity by 43.5% in 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 during the period. Institutional investors own 91.43% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on TEL shares. JPMorgan Chase & Co. cut their price objective on TE Connectivity from $260.00 to $235.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. Evercore reissued an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. Jefferies Financial Group lowered 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. Citigroup dropped their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Finally, Wall Street Zen lowered TE Connectivity from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.07.
TE Connectivity Stock Down 0.4%
NYSE:TEL traded down $0.77 during mid-day trading on Thursday, hitting $209.48. 1,090,996 shares of the company’s stock were exchanged, compared to its average volume of 2,339,470. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The business has a fifty day moving average price of $210.41 and a 200 day moving average price of $210.24. The company has a market cap of $60.65 billion, a PE ratio of 20.52, a P/E/G ratio of 1.27 and a beta of 1.14.
TE Connectivity (NYSE:TEL – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. The business’s revenue 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. Equities analysts predict that TE Connectivity Ltd. will post 11.48 EPS for the current year.
TE Connectivity Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be paid a $0.78 dividend. The ex-dividend date is Friday, November 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio is presently 30.59%.
TE Connectivity Profile
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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