Brasada Capital Management LP Purchases New Holdings in TE Connectivity Ltd. $TEL

Brasada Capital Management LP purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 24,410 shares of the electronics maker’s stock, valued at approximately $4,921,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp grew its stake in shares of TE Connectivity by 0.6% in the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock valued at $2,981,572,000 after buying an additional 76,292 shares in the last quarter. Geode Capital Management LLC increased its holdings in TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after buying an additional 161,967 shares during the last quarter. Bank of America Corp DE raised its position 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 acquiring an additional 1,352,152 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in TE Connectivity by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after acquiring an additional 144,353 shares during the last quarter. Finally, Norges Bank acquired a new stake in TE Connectivity in the fourth quarter valued at $938,706,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE TEL opened at $202.95 on Friday. The stock has a market cap of $58.76 billion, a PE ratio of 19.90, a P/E/G ratio of 1.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The firm has a 50-day moving average of $205.54 and a 200-day moving average of $211.66. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

Analyst Ratings Changes

Several research analysts have recently weighed in on TEL shares. Citigroup lowered their price objective on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Barclays raised their target price on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research report on Friday, July 24th. Robert W. Baird dropped their price objective on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Evercore reaffirmed an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $251.15.

Insiders Place Their Bets

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 value of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

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.