Security National Bank of Sioux City Iowa IA Raises Stake in TE Connectivity Ltd. $TEL

Security National Bank of Sioux City Iowa IA raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 26.6% during the second quarter, Holdings Channel reports. The fund owned 17,918 shares of the electronics maker’s stock after buying an additional 3,765 shares during the period. TE Connectivity comprises about 1.5% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 17th biggest position. Security National Bank of Sioux City Iowa IA’s holdings in TE Connectivity were worth $3,612,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Gulf International Bank UK Ltd increased its position in shares of TE Connectivity by 0.3% during the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after buying an additional 44 shares during the period. MCF Advisors LLC lifted its holdings in TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after buying an additional 45 shares during the period. CYBER HORNET ETFs LLC boosted its position in TE Connectivity by 5.6% during the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after acquiring an additional 47 shares in the last quarter. Harbour Investments Inc. boosted its position in TE Connectivity by 4.2% during the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock valued at $271,000 after acquiring an additional 48 shares in the last quarter. Finally, JNBA Financial Advisors grew its holdings in shares of TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 51 shares during the period. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Down 0.4%

Shares of TEL traded down $0.92 on Friday, hitting $205.68. 4,228,706 shares of the stock traded hands, compared to its average volume of 2,423,032. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The company has a market capitalization of $59.55 billion, a PE ratio of 20.16, a P/E/G ratio of 1.35 and a beta of 1.16. The business has a 50 day simple moving average of $206.77 and a 200 day simple moving average of $208.75. 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) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share 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 business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen cut TE Connectivity from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. UBS Group reiterated a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a report on Thursday, July 23rd. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Citigroup dropped their target price on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $252.00.

TE Connectivity Profile

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.