Towle & Co. Makes New $8.42 Million Investment in TD SYNNEX Corporation $SNX

Towle & Co. purchased a new position in shares of TD SYNNEX Corporation (NYSE:SNX) in the third quarter, Holdings Channel.com reports. The firm purchased 51,410 shares of the business services provider’s stock, valued at approximately $8,418,000. TD SYNNEX accounts for approximately 2.1% of Towle & Co.’s holdings, making the stock its 24th largest holding.

Other large investors have also made changes to their positions in the company. Maridea Wealth Management LLC bought a new position in TD SYNNEX during the third quarter valued at approximately $206,000. denkapparat Operations GmbH acquired a new position in shares of TD SYNNEX during the 3rd quarter worth $278,000. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of TD SYNNEX by 2.5% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 17,095 shares of the business services provider’s stock valued at $2,799,000 after purchasing an additional 419 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of TD SYNNEX by 6.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,584 shares of the business services provider’s stock valued at $4,026,000 after purchasing an additional 1,500 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in TD SYNNEX by 79.7% in the third quarter. PNC Financial Services Group Inc. now owns 9,073 shares of the business services provider’s stock worth $1,486,000 after purchasing an additional 4,023 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

SNX opened at $161.27 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $155.97 and its two-hundred day moving average price is $153.44. The firm has a market capitalization of $13.00 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. TD SYNNEX Corporation has a 12-month low of $92.23 and a 12-month high of $175.56.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.15. The company had revenue of $17.38 billion during the quarter, compared to analysts’ expectations of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.TD SYNNEX’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. On average, equities analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a $0.48 dividend. The ex-dividend date was Friday, January 16th. This represents a $1.92 annualized dividend and a yield of 1.2%. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio (DPR) is 19.26%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. The Goldman Sachs Group assumed coverage on TD SYNNEX in a report on Tuesday, January 13th. They set a “buy” rating and a $180.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.64.

Insider Transactions at TD SYNNEX

In other news, Director Merline Saintil sold 168 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $153.38, for a total transaction of $25,767.84. Following the completion of the transaction, the director owned 7,162 shares of the company’s stock, valued at approximately $1,098,507.56. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the completion of the sale, the director owned 47,515 shares of the company’s stock, valued at approximately $7,634,235.05. The trade was a 34.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 85,916 shares of company stock worth $13,871,759. 1.00% of the stock is currently owned by company insiders.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.