Oliver Luxxe Assets LLC Has $10.14 Million Position in TE Connectivity Ltd. $TEL

Oliver Luxxe Assets LLC boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 34.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,285 shares of the electronics maker’s stock after acquiring an additional 12,783 shares during the period. TE Connectivity accounts for about 1.5% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 11th biggest position. Oliver Luxxe Assets LLC’s holdings in TE Connectivity were worth $10,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of TEL. Norges Bank bought a new position in shares of TE Connectivity in the fourth quarter worth $938,706,000. J. Stern & Co. LLP bought a new stake in TE Connectivity during the fourth quarter worth about $445,402,000. Arrowstreet Capital Limited Partnership lifted its position in TE Connectivity by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock worth $706,457,000 after purchasing an additional 1,721,235 shares during the period. Bank of America Corp DE grew its stake in TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after buying an additional 1,352,152 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in TE Connectivity by 183.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock valued at $348,184,000 after buying an additional 990,703 shares during the period. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TEL shares. Wells Fargo & Company dropped their target price on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research report on Thursday, July 23rd. Barclays increased their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Citigroup cut their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.15.

TE Connectivity Stock Up 0.6%

TEL stock opened at $216.39 on Friday. The firm has a 50-day moving average price of $206.67 and a 200-day moving average price of $213.40. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month 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 stock has a market capitalization of $62.65 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data 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. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the prior year, the company earned $2.27 EPS. The firm’s quarterly revenue 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, equities research analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

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.