Gateway Wealth Partners LLC Makes New $675,000 Investment in TE Connectivity Ltd. $TEL

Gateway Wealth Partners LLC bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the first quarter, HoldingsChannel reports. The fund bought 3,229 shares of the electronics maker’s stock, valued at approximately $675,000.

A number of other institutional investors have also modified their holdings of TEL. Vanguard Group Inc. boosted its stake in TE Connectivity by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock worth $8,741,226,000 after purchasing an additional 168,142 shares during the period. State Street Corp increased its stake in TE Connectivity by 0.6% in the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock valued at $2,981,572,000 after purchasing an additional 76,292 shares during the period. Geode Capital Management LLC raised its holdings in shares of TE Connectivity by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock valued at $1,425,669,000 after buying an additional 161,967 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after buying an additional 1,352,152 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of TE Connectivity by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock worth $1,001,907,000 after buying an additional 144,353 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TEL. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a report on Wednesday, April 22nd. UBS Group reaffirmed a “buy” rating and set a $241.00 price objective on shares of TE Connectivity in a research report on Thursday, July 23rd. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Evercore reissued an “in-line” rating and issued a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Finally, Citigroup cut their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Trading Down 0.1%

Shares of TEL stock opened at $206.84 on Friday. The business’s fifty day moving average price is $206.05 and its 200 day moving average price is $214.29. The firm has a market capitalization of $59.88 billion, a PE ratio of 20.28, a P/E/G ratio of 1.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56.

TE Connectivity (NYSE:TEL) last released its 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. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, sell-side analysts forecast that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 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.