Sei Investments Co. lifted its holdings in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 16.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 248,692 shares of the electronics maker’s stock after purchasing an additional 35,993 shares during the period. Sei Investments Co.’s holdings in TE Connectivity were worth $51,984,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of TEL. Alamar Capital Management LLC bought a new position in TE Connectivity in the 1st quarter valued at $2,553,000. Davis R M Inc. lifted its position in shares of TE Connectivity by 3.4% during the first quarter. Davis R M Inc. now owns 6,922 shares of the electronics maker’s stock worth $1,447,000 after purchasing an additional 226 shares during the last quarter. Lido Advisors LLC boosted its stake in shares of TE Connectivity by 7.7% during the first quarter. Lido Advisors LLC now owns 8,397 shares of the electronics maker’s stock valued at $1,755,000 after purchasing an additional 601 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of TE Connectivity by 1.2% during the first quarter. First Citizens Bank & Trust Co. now owns 6,467 shares of the electronics maker’s stock valued at $1,352,000 after purchasing an additional 78 shares during the period. Finally, ABN Amro Investment Solutions bought a new position in shares of TE Connectivity in the first quarter worth about $5,937,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on TEL shares. HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. Wells Fargo & Company decreased their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group reiterated a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a report on Thursday. Robert W. Baird dropped their target price on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Citigroup reduced their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.15.
Insider Transactions at TE Connectivity
In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.
TE Connectivity Stock Performance
Shares of TE Connectivity stock opened at $202.95 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 50 day moving average price of $205.36 and a 200 day moving average price of $215.01. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $59.24 billion, a P/E ratio of 19.90, a PEG ratio of 1.41 and a beta of 1.17.
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, beating analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts expect that TE Connectivity Ltd. will post 11.45 EPS for the current year.
TE Connectivity Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.
About TE Connectivity
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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