Towle & Co. Sells 22,987 Shares of TD SYNNEX Corporation $SNX

Towle & Co. decreased its holdings in shares of TD SYNNEX Corporation (NYSE:SNX) by 37.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 38,122 shares of the business services provider’s stock after selling 22,987 shares during the period. TD SYNNEX makes up approximately 2.5% of Towle & Co.’s portfolio, making the stock its 19th largest position. Towle & Co.’s holdings in TD SYNNEX were worth $6,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Intech Investment Management LLC boosted its stake in TD SYNNEX by 38.4% during the fourth quarter. Intech Investment Management LLC now owns 21,578 shares of the business services provider’s stock worth $3,242,000 after acquiring an additional 5,982 shares in the last quarter. R Squared Ltd bought a new position in shares of TD SYNNEX during the fourth quarter valued at approximately $1,507,000. CWM LLC lifted its holdings in shares of TD SYNNEX by 474.0% during the fourth quarter. CWM LLC now owns 7,095 shares of the business services provider’s stock valued at $1,066,000 after purchasing an additional 5,859 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of TD SYNNEX by 44.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 67,521 shares of the business services provider’s stock valued at $10,186,000 after purchasing an additional 20,815 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of TD SYNNEX by 138.6% in the 4th quarter. Teacher Retirement System of Texas now owns 59,168 shares of the business services provider’s stock worth $8,889,000 after purchasing an additional 34,374 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

SNX stock opened at $247.94 on Friday. The stock’s 50 day simple moving average is $258.43 and its 200 day simple moving average is $205.35. The company has a current ratio of 1.20, a quick ratio of 0.64 and a debt-to-equity ratio of 0.40. TD SYNNEX Corporation has a 12-month low of $139.23 and a 12-month high of $296.47. The stock has a market capitalization of $19.83 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The business had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. During the same quarter last year, the company earned $2.99 EPS. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. As a group, research analysts forecast that TD SYNNEX Corporation will post 18.01 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 13.74%.

Key Headlines Impacting TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Zacks Research raised its EPS estimates for TD SYNNEX across FY2026, FY2027, and FY2028, signaling stronger expected profitability and supporting the stock’s outlook.
• Positive Sentiment: The biggest upgrade came in FY2028, where Zacks now sees $26.10 EPS versus a prior estimate of $17.40, a notable jump that suggests much stronger long-term earnings power.
• Positive Sentiment: Nearer-term estimates were also raised, including Q3 2026 EPS to $4.40, Q4 2026 EPS to $4.37, and FY2026 EPS to $17.96, indicating improving fundamentals over the next several quarters.
• Positive Sentiment: Zacks also boosted its forecasts for FY2027 EPS to $20.53 and multiple quarterly estimates in 2027–2028, reinforcing the view that earnings momentum could remain strong. TD SYNNEX stock page

Insiders Place Their Bets

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total value of $1,214,850.00. Following the completion of the transaction, the director owned 18,537 shares of the company’s stock, valued at approximately $4,503,934.89. The trade was a 21.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 20,000 shares of company stock valued at $4,933,700. 0.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SNX. Barrington Research raised their price objective on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research note on Friday, June 26th. The Goldman Sachs Group set a $330.00 price target on TD SYNNEX in a report on Friday, June 26th. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings downgraded shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TD SYNNEX has a consensus rating of “Buy” and an average target price of $294.67.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.