Natural Investments LLC lowered its holdings in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 72.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,640 shares of the electronics maker’s stock after selling 4,216 shares during the quarter. Natural Investments LLC’s holdings in TE Connectivity were worth $330,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its stake in TE Connectivity by 11.1% during the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after acquiring an additional 23,074 shares in the last quarter. Man Group plc lifted its stake in TE Connectivity by 259.9% in the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after purchasing an additional 904,468 shares in the last quarter. Swedbank AB boosted its holdings in shares of TE Connectivity by 8.1% during the 4th quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock valued at $19,300,000 after purchasing an additional 6,385 shares during the last quarter. Jefferies Financial Group Inc. grew its position in shares of TE Connectivity by 575.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after purchasing an additional 31,096 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of TE Connectivity by 2,766.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock valued at $63,082,000 after purchasing an additional 267,598 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently commented on TEL. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. UBS Group restated a “buy” rating and set a $241.00 price target on shares of TE Connectivity in a report on Thursday, July 23rd. Evercore reaffirmed an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Wells Fargo & Company lowered 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, July 23rd. Finally, Citigroup cut their target price 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 equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $251.15.
TE Connectivity Stock Performance
NYSE:TEL opened at $202.18 on Thursday. The firm has a market capitalization of $58.53 billion, a PE ratio of 19.82, a PEG ratio of 1.39 and a beta of 1.16. The stock’s fifty day moving average is $205.23 and its 200 day moving average is $211.04. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two 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.
TE Connectivity (NYSE:TEL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. 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 previous year, the firm earned $2.27 earnings per share. TE Connectivity’s quarterly 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. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.
TE Connectivity Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.78 per share. 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 presently 30.59%.
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.
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