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

Towle & Co. purchased a new position in TD SYNNEX Corporation (NYSE:SNX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,410 shares of the business services provider’s stock, valued at approximately $8,418,000. TD SYNNEX makes up 2.1% of Towle & Co.’s investment portfolio, making the stock its 24th biggest holding. Towle & Co. owned 0.06% of TD SYNNEX as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC bought a new position in TD SYNNEX in the 3rd quarter valued at about $42,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of TD SYNNEX in the 2nd quarter worth approximately $55,000. MAI Capital Management boosted its holdings in shares of TD SYNNEX by 90.2% in the second quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 203 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of TD SYNNEX by 1,012.5% during the second quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 405 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in TD SYNNEX by 17.4% during the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock worth $116,000 after purchasing an additional 126 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SNX shares. Barrington Research reaffirmed an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research note on Friday, January 9th. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Finally, Barclays reduced their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating for the company in a research report on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $170.64.

Insider Activity

In other news, Director Merline Saintil sold 168 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total value of $25,767.84. Following the completion of the sale, the director owned 7,162 shares of the company’s stock, valued at $1,098,507.56. This trade represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Patrick Zammit sold 13,900 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total transaction of $2,384,823.00. Following the transaction, the chief executive officer directly owned 170,928 shares in the company, valued at $29,326,116.96. The trade was a 7.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 85,916 shares of company stock worth $13,871,759 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX Trading Down 0.0%

NYSE: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. TD SYNNEX Corporation has a 1-year low of $92.23 and a 1-year high of $175.56. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38. The stock has a fifty day simple moving average of $155.97 and a 200 day simple moving average of $153.44.

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

TD SYNNEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were paid a dividend of $0.48 per share. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.92 annualized dividend and a yield of 1.2%. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

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.