Plato Investment Management Ltd Acquires Shares of 13,646 TE Connectivity Ltd. $TEL

by · The Cerbat Gem

Plato Investment Management Ltd acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,646 shares of the electronics maker’s stock, valued at approximately $2,735,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TEL. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. lifted 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 valued at $33,000 after buying an additional 127 shares during the period. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity during the fourth quarter worth $40,000. MV Capital Management Inc. purchased a new position in TE Connectivity in the fourth quarter worth $41,000. Finally, Cornerstone Planning Group LLC lifted its holdings in TE Connectivity by 118.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 192 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of research analyst reports. Evercore reiterated an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a report on Monday, June 22nd. Barclays increased their target price on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Truist Financial lowered their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a report on Thursday, April 23rd. Finally, Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. 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. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.15.

Read Our Latest Report on TEL

TE Connectivity Stock Up 0.1%

Shares of NYSE:TEL opened at $216.43 on Monday. 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 capitalization of $62.66 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.45 and a beta of 1.16. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The stock’s fifty day simple moving average is $206.67 and its 200-day simple moving average is $212.74.

TE Connectivity (NYSE:TEL – Get Free Report) last announced its earnings results 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 the consensus estimate of $5.01 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the 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 transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, 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 currently owned by insiders.

TE Connectivity Company Profile

(Free Report)

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.

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