TE Connectivity Ltd. $TEL Stock: Cardinal Capital Management Inc. Grows Position

Cardinal Capital Management Inc. boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,320 shares of the electronics maker’s stock after buying an additional 20,113 shares during the period. Cardinal Capital Management Inc.’s holdings in TE Connectivity were worth $37,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after purchasing an additional 23,074 shares during the period. Benjamin Edwards Inc. raised 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 valued at $12,574,000 after buying an additional 47,691 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of TE Connectivity by 34.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 773,242 shares of the electronics maker’s stock valued at $175,920,000 after buying an additional 197,369 shares during the last quarter. Seascape Capital Management acquired a new stake in shares of TE Connectivity during the first quarter worth about $2,256,000. Finally, QRG Capital Management Inc. boosted its stake in shares of TE Connectivity by 8.1% during the second quarter. QRG Capital Management Inc. now owns 154,278 shares of the electronics maker’s stock worth $31,104,000 after buying an additional 11,519 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TEL. Evercore reissued an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a report on Monday, June 22nd. Truist Financial reduced their price objective on TE Connectivity from $240.00 to $215.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Robert W. Baird increased their price objective on TE Connectivity from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Wells Fargo & Company lifted their target price on TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a research note on Friday, September 11th. Finally, The Goldman Sachs Group lifted their target price on TE Connectivity from $284.00 to $288.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $258.07.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $212.19 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The company has a market cap of $61.43 billion, a P/E ratio of 20.80, a PEG ratio of 1.25 and a beta of 1.14. TE Connectivity Ltd. has a 52 week low of $190.27 and a 52 week high of $252.56. The company has a 50-day moving average price of $210.28 and a 200 day moving average price of $210.32.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating 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 company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the company earned $2.27 EPS. The firm’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. Research analysts predict that TE Connectivity Ltd. will post 11.49 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, December 11th. Stockholders of record on Friday, November 20th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

TE Connectivity Profile

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.