TE Connectivity Ltd. $TEL Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 53.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 19,306 shares of the electronics maker’s stock after buying an additional 6,692 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in TE Connectivity were worth $3,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC boosted its holdings in TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after purchasing an additional 23,074 shares during the last quarter. Man Group plc raised its stake in shares of TE Connectivity by 259.9% during the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after buying an additional 904,468 shares during the last quarter. Swedbank AB lifted its holdings in shares of TE Connectivity by 8.1% in the 4th quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock valued at $19,300,000 after buying an additional 6,385 shares during the period. Jefferies Financial Group Inc. lifted its holdings in shares of TE Connectivity by 575.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after buying an additional 31,096 shares during the period. Finally, NewEdge Wealth LLC boosted its stake in shares of TE Connectivity by 20.4% in the fourth quarter. NewEdge Wealth LLC now owns 41,715 shares of the electronics maker’s stock worth $9,491,000 after buying an additional 7,057 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TEL. Barclays lifted their price target on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Evercore reaffirmed an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research note on Monday, June 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Citigroup lowered their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Stock Up 3.2%

TE Connectivity stock opened at $208.78 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The stock has a market capitalization of $60.44 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. The business has a 50 day simple moving average of $205.41 and a 200-day simple moving average of $210.84. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56.

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

TE Connectivity Announces Dividend

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

About TE Connectivity

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.