TE Connectivity Ltd. $TEL Shares Acquired by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. boosted its stake in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 295,744 shares of the electronics maker’s stock after purchasing an additional 2,935 shares during the quarter. TE Connectivity comprises about 3.7% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 5th biggest position. Guyasuta Investment Advisors Inc. owned 0.10% of TE Connectivity worth $62,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hsbc Holdings PLC increased its holdings in shares of 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. Benjamin Edwards Inc. raised its position in shares of TE Connectivity by 324.9% during the second quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker’s stock worth $12,574,000 after purchasing an additional 47,691 shares during the period. Man Group plc lifted its holdings in shares of 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. Rockefeller Capital Management L.P. lifted its holdings in shares of TE Connectivity by 34.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 773,242 shares of the electronics maker’s stock worth $175,920,000 after purchasing an additional 197,369 shares in the last quarter. Finally, Seascape Capital Management acquired a new stake in TE Connectivity in the 1st quarter valued at $2,256,000. 91.43% of the stock is owned by institutional investors.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $212.89 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 quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $210.36 and a 200-day moving average price of $210.31. The company has a market cap of $61.63 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.14.

TE Connectivity (NYSE:TEL – Get 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. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. The company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. TE Connectivity’s quarterly 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. Equities analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders 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%.

Analysts Set New Price Targets

TEL has been the subject of a number of recent research reports. Jefferies Financial Group decreased their price target on shares of 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 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. UBS Group raised their price objective on shares of TE Connectivity from $241.00 to $253.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. JPMorgan Chase & Co. reduced their price objective on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, July 16th. Finally, The Goldman Sachs Group boosted their target price on shares of TE Connectivity from $284.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $258.07.

Read Our Latest Report on TEL

About TE Connectivity

(Free Report)

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.

Further Reading

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

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