HighTower Advisors LLC Has $15.35 Million Stock Position in TE Connectivity Ltd. $TEL

HighTower Advisors LLC boosted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 59.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,147 shares of the electronics maker’s stock after purchasing an additional 28,421 shares during the quarter. HighTower Advisors LLC’s holdings in TE Connectivity were worth $15,352,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TEL. California State Teachers Retirement System lifted its position in shares of TE Connectivity by 19,772.4% during the 2nd quarter. California State Teachers Retirement System now owns 92,477,499 shares of the electronics maker’s stock valued at $18,644,389,000 after acquiring an additional 92,012,142 shares during the period. Norges Bank bought a new position in shares of TE Connectivity in the fourth quarter worth $938,706,000. Wellington Management Group LLP raised its stake in TE Connectivity by 48.2% in the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after purchasing an additional 2,507,569 shares in the last quarter. J. Stern & Co. LLP bought a new stake in TE Connectivity during the fourth quarter worth about $445,402,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in 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 worth $706,457,000 after buying an additional 1,721,235 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TEL shares. Evercore reiterated an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a research report on Monday, June 22nd. Citigroup decreased their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Barclays raised their price objective on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company lowered their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. One research 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $251.15.

TE Connectivity Stock Performance

TE Connectivity stock opened at $204.71 on Thursday. The business has a 50 day moving average of $205.95 and a 200-day moving average of $210.05. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 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 company has a market capitalization of $59.26 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.37 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping 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 business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the company earned $2.27 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.