31,833 Shares in TE Connectivity Ltd. $TEL Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the second quarter, HoldingsChannel reports. The institutional investor purchased 31,833 shares of the electronics maker’s stock, valued at approximately $6,418,000.

Other large investors also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of TE Connectivity during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its holdings in shares of TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth about $40,000. MV Capital Management Inc. acquired a new stake in shares of TE Connectivity during the 4th quarter worth about $41,000. Finally, Cornerstone Planning Group LLC increased its position in shares of TE Connectivity by 118.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 104 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Stock Up 0.7%

Shares of NYSE TEL opened at $217.84 on Tuesday. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The firm’s 50-day simple moving average is $206.92 and its 200 day simple moving average is $212.64. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The company has a market cap of $63.07 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the company posted $2.27 EPS. The company’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. On average, research analysts expect that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a $0.78 dividend. 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 1.4%. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’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 transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial reduced their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a report on Wednesday, April 22nd. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Wells Fargo & Company reduced their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Finally, HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $251.15.

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.