22,398 Shares in TE Connectivity Ltd. $TEL Bought by S&CO Inc.

S&CO Inc. purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 22,398 shares of the electronics maker’s stock, valued at approximately $4,515,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TEL. Norges Bank acquired a new position in shares of TE Connectivity during the 4th quarter worth about $938,706,000. J. Stern & Co. LLP acquired a new stake in TE Connectivity in the 4th quarter valued at approximately $445,402,000. Arrowstreet Capital Limited Partnership increased its position in TE Connectivity by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock worth $706,457,000 after buying an additional 1,721,235 shares during the period. Bank of America Corp DE increased its position in TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after buying an additional 1,352,152 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of TE Connectivity by 243.2% during the third quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock worth $298,383,000 after buying an additional 963,123 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $216.43 on Friday. The firm has a market capitalization of $62.66 billion, a PE ratio of 21.22, a PEG ratio of 1.45 and a beta of 1.16. 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 Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56. The business’s 50 day moving average is $206.67 and its 200-day moving average is $212.83.

TE Connectivity (NYSE:TEL) last issued 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 business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.TE Connectivity’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Sell-side analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity’s dividend payout ratio is currently 30.59%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a research note on Thursday, April 23rd. Wall Street Zen cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup reduced their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Wells Fargo & Company decreased their price target on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Finally, Evercore reaffirmed an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. One research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.15.

Insider Activity

In related 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 value of $2,021,000.00. Following the completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Company 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.