TE Connectivity Ltd. $TEL Shares Bought by Midwest Trust Co

Midwest Trust Co grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,745 shares of the electronics maker’s stock after purchasing an additional 3,035 shares during the quarter. Midwest Trust Co’s holdings in TE Connectivity were worth $32,136,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Man Group plc boosted its position in shares of TE Connectivity by 259.9% in the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after acquiring an additional 904,468 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in TE Connectivity during the fourth quarter worth approximately $1,983,000. Jefferies Financial Group Inc. increased its position in TE Connectivity by 575.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock worth $8,303,000 after purchasing an additional 31,096 shares during the last quarter. Swedbank AB raised its stake in TE Connectivity by 8.1% during the fourth quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock worth $19,300,000 after purchasing an additional 6,385 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TE Connectivity by 2,766.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock valued at $63,082,000 after purchasing an additional 267,598 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.4%

Shares of TEL stock traded up $0.89 during mid-day trading on Friday, reaching $199.80. The company’s stock had a trading volume of 1,929,190 shares, compared to its average volume of 2,141,272. The company’s 50 day simple moving average is $206.75 and its 200-day simple moving average is $217.05. TE Connectivity Ltd. has a 12-month low of $173.54 and a 12-month high of $252.56. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $58.32 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the prior year, the company earned $2.10 EPS. The firm’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, research analysts predict that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TE Connectivity’s dividend payout ratio is presently 31.87%.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total value 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 trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.

Analysts Set New Price Targets

TEL has been the subject of several research reports. Evercore reissued an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Wells Fargo & Company lifted their target price on TE Connectivity from $226.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Truist Financial dropped their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, Barclays raised their price objective on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $259.92.

TE Connectivity 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.