Stratos Wealth Partners LTD. increased its holdings in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 401.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,057 shares of the electronics maker’s stock after purchasing an additional 7,252 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in TE Connectivity were worth $1,988,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. MQS Management LLC bought a new position in shares of TE Connectivity in the third quarter valued at $715,000. Baader Bank Aktiengesellschaft raised its position in shares of TE Connectivity by 107.9% during the third quarter. Baader Bank Aktiengesellschaft now owns 5,244 shares of the electronics maker’s stock worth $1,151,000 after purchasing an additional 2,722 shares during the period. Versor Investments LP purchased a new stake in shares of TE Connectivity during the third quarter valued at $366,000. Wesbanco Bank Inc. acquired a new position in shares of TE Connectivity in the 3rd quarter valued at $223,000. Finally, Wealthfront Advisers LLC increased its stake in TE Connectivity by 11.2% in the 3rd quarter. Wealthfront Advisers LLC now owns 33,285 shares of the electronics maker’s stock worth $7,307,000 after purchasing an additional 3,350 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.
Insider Transactions at TE Connectivity
In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This trade represents a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.
TE Connectivity Stock Up 4.7%
TE Connectivity (NYSE:TEL – Get Free Report) last issued its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.
TE Connectivity Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s payout ratio is presently 40.98%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on TEL shares. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. UBS Group boosted their price target on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Citigroup raised their price objective on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company increased their target price on TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $251.93.
View Our Latest Stock Report on TEL
TE Connectivity 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.
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