Corton Capital Inc. Buys Shares of 1,673 TE Connectivity Ltd. $TEL

Corton Capital Inc. purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,673 shares of the electronics maker’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Machina Capital S.A.S. grew its position in TE Connectivity by 82.7% during the second quarter. Machina Capital S.A.S. now owns 4,782 shares of the electronics maker’s stock valued at $807,000 after acquiring an additional 2,165 shares during the period. Telos Capital Management Inc. boosted its position in shares of TE Connectivity by 0.6% in the second quarter. Telos Capital Management Inc. now owns 47,841 shares of the electronics maker’s stock worth $8,069,000 after buying an additional 296 shares during the period. State of Michigan Retirement System boosted its position in shares of TE Connectivity by 0.7% in the second quarter. State of Michigan Retirement System now owns 97,623 shares of the electronics maker’s stock worth $16,466,000 after buying an additional 700 shares during the period. Tredje AP fonden boosted its position in shares of TE Connectivity by 25.4% in the second quarter. Tredje AP fonden now owns 188,780 shares of the electronics maker’s stock worth $31,842,000 after buying an additional 38,200 shares during the period. Finally, Mission Wealth Management LP boosted its position in shares of TE Connectivity by 13.1% in the second quarter. Mission Wealth Management LP now owns 2,689 shares of the electronics maker’s stock worth $454,000 after buying an additional 311 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $247.14 on Monday. The firm has a market cap of $73.03 billion, a P/E ratio of 40.19, a PEG ratio of 2.24 and a beta of 1.26. The stock has a fifty day moving average price of $218.96 and a two-hundred day moving average price of $188.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.56. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $247.92.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping the consensus estimate of $2.29 by $0.15. The business had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.TE Connectivity’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.1%. TE Connectivity’s payout ratio is presently 46.18%.

Wall Street Analysts Forecast Growth

TEL has been the subject of several analyst reports. Evercore ISI upped their target price on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. KGI Securities raised TE Connectivity to a “hold” rating in a report on Thursday, July 24th. Truist Financial increased their price target on TE Connectivity from $200.00 to $255.00 and gave the company a “hold” rating in a report on Thursday. Finally, Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $239.25.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the sale, the insider directly owned 25,976 shares of the company’s stock, valued at $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.