Gamco Investors INC. ET AL Has $1.55 Million Stock Holdings in TE Connectivity Ltd. $TEL

Gamco Investors INC. ET AL decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 50.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 7,405 shares of the electronics maker’s stock after selling 7,433 shares during the period. Gamco Investors INC. ET AL’s holdings in TE Connectivity were worth $1,548,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of TE Connectivity during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its position in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity during the fourth quarter worth $40,000. MV Capital Management Inc. acquired a new position in TE Connectivity during the fourth quarter worth $41,000. Finally, Westfuller Advisors LLC grew its position in TE Connectivity by 120.2% in the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value 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. This trade represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TEL. Truist Financial lowered their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a report on Thursday, April 23rd. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup dropped their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Finally, Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. One 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Price Performance

Shares of TEL opened at $214.27 on Wednesday. The company has a market cap of $62.03 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.39 and a beta of 1.17. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56. The company’s fifty day simple moving average is $205.86 and its 200 day simple moving average is $214.62. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating 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 firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the company posted $2.27 earnings per share. The company’s revenue for the quarter 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, research analysts forecast 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, September 11th. Stockholders of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend 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%.

TE Connectivity 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.