Cardinal Capital Management Inc. Makes New Investment in TE Connectivity Ltd. $TEL

Cardinal Capital Management Inc. purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 156,207 shares of the electronics maker’s stock, valued at approximately $31,493,000.

Several other large investors have also recently modified their holdings of the business. Gulf International Bank UK Ltd lifted its holdings in shares of TE Connectivity by 0.3% during the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock worth $3,412,000 after purchasing an additional 44 shares during the period. MCF Advisors LLC increased its holdings in TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after purchasing an additional 45 shares during the period. Webster Bank N. A. raised its position in TE Connectivity by 19.1% during the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock worth $65,000 after purchasing an additional 46 shares during the last quarter. CYBER HORNET ETFs LLC raised its position in TE Connectivity by 5.6% during the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after purchasing an additional 47 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in TE Connectivity by 4.2% during the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after buying an additional 48 shares during the period. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $218.73 on Wednesday. The business has a 50-day moving average price of $206.80 and a two-hundred day moving average price of $212.99. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $63.32 billion, a P/E ratio of 21.44, a PEG ratio of 1.43 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior 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. As a group, analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.4%. TE Connectivity’s payout ratio is 30.59%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TEL shares. Barclays upped their price target on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a report on Thursday, April 23rd. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company lowered their price target on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $251.15.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

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.