Oliver Luxxe Assets LLC Acquires 12,783 Shares of TE Connectivity Ltd. $TEL

Oliver Luxxe Assets LLC raised its holdings in TE Connectivity Ltd. (NYSE:TEL) by 34.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 50,285 shares of the electronics maker’s stock after acquiring an additional 12,783 shares during the period. TE Connectivity comprises approximately 1.5% of Oliver Luxxe Assets LLC’s holdings, making the stock its 11th biggest position. Oliver Luxxe Assets LLC’s holdings in TE Connectivity were worth $10,138,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in TE Connectivity by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock worth $8,741,226,000 after buying an additional 168,142 shares during the period. State Street Corp increased its stake in shares of TE Connectivity by 0.6% in the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock valued at $2,981,572,000 after buying an additional 76,292 shares during the period. Geode Capital Management LLC boosted its holdings in TE Connectivity by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock valued at $1,425,669,000 after acquiring an additional 161,967 shares during the last quarter. Bank of America Corp DE boosted its holdings in TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after acquiring an additional 1,352,152 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in TE Connectivity by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after purchasing an additional 144,353 shares during the period. Institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TEL shares. Evercore restated an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research report on Monday, June 22nd. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research report on Wednesday, April 22nd. Robert W. Baird lowered their target price on shares of TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Finally, Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. One investment 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.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Trading Up 0.6%

Shares of TEL stock opened at $216.39 on Friday. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The stock has a 50 day simple moving average of $206.67 and a two-hundred day simple moving average of $213.40. The company has a market cap of $62.65 billion, a P/E ratio of 21.21, a PEG ratio of 1.45 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results 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. The firm had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Research analysts forecast that TE Connectivity Ltd. will post 11.48 earnings per share for the current 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 1.4%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 30.59%.

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.