Midwest Trust Co Boosts Stake in TE Connectivity Ltd. $TEL

Midwest Trust Co increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,745 shares of the electronics maker’s stock after acquiring an additional 3,035 shares during the period. Midwest Trust Co owned approximately 0.05% of TE Connectivity worth $32,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth $25,000. Geneos Wealth Management Inc. boosted its holdings in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after buying an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity during the fourth quarter worth about $40,000. MV Capital Management Inc. acquired a new position in TE Connectivity during the fourth quarter worth about $41,000. Finally, JFS Wealth Advisors LLC increased its holdings in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TEL. Evercore reissued an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. UBS Group decreased their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen lowered TE Connectivity from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Truist Financial dropped their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.92.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL traded up $0.89 during mid-day trading on Friday, reaching $199.80. 1,929,190 shares of the company’s stock were exchanged, compared to its average volume of 2,141,272. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 52-week low of $173.54 and a 52-week high of $252.56. The company has a market cap of $58.32 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.41 and a beta of 1.17. The company has a 50-day simple moving average of $206.75 and a two-hundred day simple moving average of $217.05.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.TE Connectivity’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, sell-side analysts predict that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

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.