Bull Harbor Capital LLC Takes $732,000 Position in TE Connectivity Ltd. $TEL

Bull Harbor Capital LLC bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,500 shares of the electronics maker’s stock, valued at approximately $732,000.

A number of other institutional investors have also recently modified their holdings of TEL. Norges Bank bought a new position in TE Connectivity in the 4th quarter valued at about $938,706,000. J. Stern & Co. LLP acquired a new stake in shares of TE Connectivity during the fourth quarter valued at about $445,402,000. Arrowstreet Capital Limited Partnership raised its stake in shares of TE Connectivity by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock valued at $706,457,000 after acquiring an additional 1,721,235 shares during the last quarter. Bank of America Corp DE raised its position in shares of 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 during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in TE Connectivity by 183.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock worth $348,184,000 after buying an additional 990,703 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. 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. Company insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $206.84 on Friday. The business’s 50 day simple moving average is $206.05 and its two-hundred day simple moving average is $214.29. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. 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 $59.88 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17.

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

TE Connectivity Dividend Announcement

The business also recently announced 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 is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

Analyst Upgrades and Downgrades

TEL has been the topic of several research analyst reports. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Citigroup lowered their target price on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Truist Financial cut their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Finally, UBS Group restated a “buy” rating and set a $241.00 target price on shares of TE Connectivity in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $251.15.

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.