TE Connectivity Ltd. $TEL Shares Acquired by First Financial Bank Trust Division

First Financial Bank Trust Division lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 550.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 19,989 shares of the electronics maker’s stock after buying an additional 16,918 shares during the period. First Financial Bank Trust Division’s holdings in TE Connectivity were worth $4,030,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TEL. Adelphi Trust Co raised its holdings in TE Connectivity by 15.6% during the second quarter. Adelphi Trust Co now owns 3,703 shares of the electronics maker’s stock worth $747,000 after purchasing an additional 501 shares in the last quarter. FAS Wealth Partners Inc. grew its position in shares of TE Connectivity by 29.8% in the 1st quarter. FAS Wealth Partners Inc. now owns 1,319 shares of the electronics maker’s stock valued at $276,000 after buying an additional 303 shares during the last quarter. DV Trading LLC acquired a new stake in shares of TE Connectivity during the first quarter worth about $220,000. Keel Point LLC boosted its holdings in shares of TE Connectivity by 12.1% in the first quarter. Keel Point LLC now owns 1,715 shares of the electronics maker’s stock valued at $358,000 after acquiring an additional 185 shares during the period. Finally, Summitry LLC acquired a new position in TE Connectivity in the first quarter valued at $24,284,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Down 0.1%

Shares of NYSE TEL opened at $205.45 on Tuesday. The stock has a market capitalization of $59.48 billion, a PE ratio of 20.14, a P/E/G ratio of 1.38 and a beta of 1.16. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average of $206.17 and a 200-day moving average of $213.87. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion for 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 business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s payout ratio is 30.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TEL shares. Robert W. Baird cut their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Citigroup decreased their price objective 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. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. Finally, UBS Group reaffirmed a “buy” rating and issued a $241.00 price objective on shares of TE Connectivity in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $251.15.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a filing 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 insiders.

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.