Headlands Technologies LLC Makes New Investment in TE Connectivity Ltd. $TEL

Headlands Technologies LLC acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,535 shares of the electronics maker’s stock, valued at approximately $511,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after buying an additional 127 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in TE Connectivity during the 2nd quarter valued at $34,000. Commonwealth Retirement Investments LLC bought a new stake in TE Connectivity in the 4th quarter worth $40,000. MV Capital Management Inc. purchased a new position in shares of TE Connectivity in the fourth quarter valued at about $41,000. Finally, Bayban purchased a new position in shares of TE Connectivity in the fourth quarter valued at about $44,000. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TEL shares. Evercore reiterated an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a report on Monday, June 22nd. Citigroup reduced their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Robert W. Baird lowered their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, July 23rd. Barclays increased their price objective on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Finally, Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Trading Down 2.8%

NYSE:TEL opened at $202.18 on Thursday. The company has a 50-day moving average price of $205.23 and a 200-day moving average price of $211.04. The stock has a market cap of $58.53 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.39 and a beta of 1.16. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. 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 quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) 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 company had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. TE Connectivity’s quarterly 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. Equities analysts predict 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. Shareholders of record on Friday, August 21st will be issued 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 is 30.59%.

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.