Hilltop Holdings Inc. Decreases Holdings in TE Connectivity Ltd. $TEL

Hilltop Holdings Inc. reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 76.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,559 shares of the electronics maker’s stock after selling 4,987 shares during the quarter. Hilltop Holdings Inc.’s holdings in TE Connectivity were worth $326,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new stake in TE Connectivity during the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity in the fourth quarter valued at approximately $40,000. MV Capital Management Inc. acquired a new stake in TE Connectivity during the fourth quarter worth approximately $41,000. Westfuller Advisors LLC raised its holdings in TE Connectivity by 120.2% during the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 101 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of TE Connectivity by 118.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker’s stock worth $43,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL opened at $214.27 on Wednesday. The company’s 50 day simple moving average is $205.86 and its 200-day simple moving average is $214.62. The firm has a market cap of $62.03 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. 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 released its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior 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 predict that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The firm 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%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays upped their target price on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Truist Financial reduced their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. UBS Group restated a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research note on Thursday, July 23rd. Wells Fargo & Company dropped their price objective on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $251.15.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the 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 completion of the sale, the insider 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

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.