3,638 Shares of TE Connectivity Ltd. $TEL Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC acquired a new position in TE Connectivity Ltd. (NYSE:TEL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,638 shares of the electronics maker’s stock, valued at approximately $780,000.

Several other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in shares of TE Connectivity by 11.1% during the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after buying an additional 23,074 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of TE Connectivity by 324.9% in the second quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker’s stock worth $12,574,000 after buying an additional 47,691 shares during the period. Man Group plc increased its holdings 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 buying an additional 904,468 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of TE Connectivity by 34.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 773,242 shares of the electronics maker’s stock valued at $175,920,000 after acquiring an additional 197,369 shares during the last quarter. Finally, Seascape Capital Management bought a new stake in shares of TE Connectivity in the 1st quarter valued at about $2,256,000. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TEL. Evercore restated an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Robert W. Baird lifted their price target on TE Connectivity from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. HSBC lowered their price objective on TE Connectivity from $234.00 to $216.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Finally, Wells Fargo & Company increased their price objective on TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research note on Friday, September 11th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and an average target price of $258.07.

TE Connectivity Price Performance

TEL stock opened at $212.89 on Friday. The stock has a market capitalization of $61.63 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.24 and a beta of 1.14. The firm’s 50-day moving average price is $210.36 and its two-hundred day moving average price is $210.31. 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.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $2.27 earnings per share. 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 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio is presently 30.59%.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.