13,646 Shares in TE Connectivity Ltd. $TEL Bought by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 13,646 shares of the electronics maker’s stock, valued at approximately $2,735,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in TE Connectivity in the fourth quarter valued at about $820,000. Sivia Capital Partners LLC increased its holdings in TE Connectivity by 66.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after purchasing an additional 1,007 shares during the last quarter. Walleye Capital LLC raised its position in shares of TE Connectivity by 14.6% in the 2nd quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 343 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of TE Connectivity by 1,214.0% during the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after buying an additional 97,256 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of TE Connectivity by 75.0% during the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after buying an additional 9,980 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays upped their price objective on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. UBS Group reiterated a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a report on Thursday, July 23rd. Robert W. Baird dropped their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Evercore restated an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. 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 equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.15.

TE Connectivity Stock Performance

TEL opened at $216.43 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $206.67 and its 200-day moving average is $212.74. The stock has a market cap of $62.66 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $2.27 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s dividend payout ratio is presently 30.59%.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity 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 sale, the insider directly owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.