Ascent Wealth Partners LLC Takes $1.29 Million Position in TE Connectivity Ltd. $TEL

Ascent Wealth Partners LLC purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,161 shares of the electronics maker’s stock, valued at approximately $1,288,000.

A number of other large investors have also added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. increased its position in 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 acquiring an additional 127 shares during the period. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity in the 4th quarter valued at approximately $40,000. MV Capital Management Inc. bought a new position in shares of TE Connectivity during the fourth quarter valued at $41,000. Finally, JFS Wealth Advisors LLC raised its stake in shares of TE Connectivity by 54.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.3%

Shares of NYSE:TEL opened at $203.22 on Friday. TE Connectivity Ltd. has a 1 year low of $177.21 and a 1 year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The business’s 50-day moving average is $205.86 and its 200-day moving average is $215.96. The company has a market capitalization of $59.32 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.43 and a beta of 1.17.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter last year, the firm posted $2.10 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts predict that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity Announces Dividend

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 given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is presently 31.87%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Barclays lifted their target price on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Evercore reissued an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Finally, Citigroup lowered their price objective on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $255.31.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value 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. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Company 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.