TE Connectivity Ltd. $TEL Shares Bought by Corient Private Wealth LP

Corient Private Wealth LP increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 30.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,821 shares of the electronics maker’s stock after purchasing an additional 44,296 shares during the period. Corient Private Wealth LP’s holdings in TE Connectivity were worth $37,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of TE Connectivity in the fourth quarter worth about $25,000. Geneos Wealth Management Inc. boosted its position in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity during the 4th quarter valued at about $40,000. MV Capital Management Inc. acquired a new stake in TE Connectivity in the 4th quarter valued at about $41,000. Finally, Cornerstone Planning Group LLC raised its holdings in TE Connectivity by 118.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 104 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TEL shares. Evercore restated an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup lowered their price objective on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Finally, Robert W. Baird cut their target price on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $251.15.

TE Connectivity Stock Down 1.0%

Shares of NYSE TEL opened at $202.95 on Friday. The company has a market capitalization of $58.76 billion, a P/E ratio of 19.90, a P/E/G ratio of 1.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The company has a 50 day simple moving average of $205.54 and a 200-day simple moving average of $211.66. 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 quarterly earnings data 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 firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.78 dividend. This represents a $3.12 annualized dividend 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 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.