Tompkins Financial Corp Cuts Position in TE Connectivity Ltd. $TEL

Tompkins Financial Corp lessened its position in TE Connectivity Ltd. (NYSE:TEL) by 15.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,045 shares of the electronics maker’s stock after selling 5,427 shares during the period. Tompkins Financial Corp’s holdings in TE Connectivity were worth $6,342,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. MCF Advisors LLC raised its holdings in TE Connectivity by 14.1% during the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 45 shares in the last quarter. JNBA Financial Advisors lifted its stake in TE Connectivity by 67.1% during the second quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after buying an additional 51 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its stake in TE Connectivity by 0.7% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,837 shares of the electronics maker’s stock worth $1,580,000 after purchasing an additional 52 shares during the period. Advocacy Wealth Management LLC grew its holdings in shares of TE Connectivity by 1.0% during the second quarter. Advocacy Wealth Management LLC now owns 5,747 shares of the electronics maker’s stock valued at $1,159,000 after buying an additional 56 shares in the last quarter. Finally, Kennebec Savings Bank increased its holdings in shares of TE Connectivity by 1.7% in the 1st quarter. Kennebec Savings Bank now owns 3,455 shares of the electronics maker’s stock valued at $722,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Trading Down 0.3%

NYSE TEL traded down $0.73 during trading on Monday, reaching $219.63. 338,166 shares of the stock traded hands, compared to its average volume of 2,366,885. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The stock’s 50-day moving average price is $209.44 and its 200 day moving average price is $209.42. The firm has a market cap of $63.58 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14.

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

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, November 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s payout ratio is currently 30.59%.

Wall Street Analysts Forecast Growth

TEL has been the subject of several recent research reports. Citigroup cut their price objective on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Wells Fargo & Company upped their price target on shares of TE Connectivity from $209.00 to $220.00 and gave the company a “cautious” rating in a report on Friday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Sanford C. Bernstein started coverage on TE Connectivity in a research report on Wednesday, September 23rd. They set an “outperform” rating and a $243.00 price objective on the stock. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.36.

TE Connectivity Company Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.