Hennessy Advisors Inc. Invests $993,000 in TE Connectivity Ltd. $TEL

Hennessy Advisors Inc. acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,926 shares of the electronics maker’s stock, valued at approximately $993,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after buying an additional 127 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in TE Connectivity in the 2nd quarter worth approximately $34,000. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity in the 4th quarter valued at $40,000. MV Capital Management Inc. acquired a new position in TE Connectivity in the 4th quarter valued at $41,000. Finally, Cornerstone Planning Group LLC lifted its stake 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 purchasing an additional 104 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Up 0.1%

Shares of NYSE TEL opened at $202.79 on Monday. The stock has a fifty day moving average price of $205.23 and a 200 day moving average price of $211.49. 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 12-month low of $190.27 and a 12-month high of $252.56. The company has a market cap of $58.71 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.36 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The company’s revenue 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. Research analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders 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 yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is currently 30.59%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Sunday, August 23rd. Robert W. Baird decreased their target price on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Barclays boosted 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. UBS Group reaffirmed a “buy” rating and set a $241.00 price target on shares of TE Connectivity in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $251.15.

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.