Gateway Wealth Partners LLC Purchases New Holdings in TE Connectivity Ltd. $TEL

Gateway Wealth Partners LLC purchased a new position in TE Connectivity Ltd. (NYSE:TEL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,229 shares of the electronics maker’s stock, valued at approximately $675,000.

A number of other large investors have also added to or reduced their stakes in TEL. Hsbc Holdings PLC grew its holdings in shares of TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after purchasing an additional 23,074 shares in the last quarter. Man Group plc lifted its holdings in TE Connectivity by 259.9% during the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after buying an additional 904,468 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in TE Connectivity by 575.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after buying an additional 31,096 shares during the period. Swedbank AB boosted its position in TE Connectivity by 8.1% in the 4th quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock valued at $19,300,000 after buying an additional 6,385 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of TE Connectivity in the fourth quarter worth $1,983,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’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 transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Trading Down 0.1%

NYSE:TEL opened at $206.84 on Friday. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56. The stock has a market cap of $59.88 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.23 and a current ratio of 1.88. The stock has a 50-day simple moving average of $206.05 and a 200-day simple moving average of $214.29.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. The company’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. As a group, analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

Analyst Ratings Changes

TEL has been the topic of several analyst reports. Citigroup reduced 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. Weiss Ratings reissued a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. UBS Group restated a “buy” rating and set a $241.00 price target on shares of TE Connectivity in a report on Thursday, July 23rd. Evercore reaffirmed an “in-line” rating and issued a $230.00 price target on shares of TE Connectivity in a research report on Monday, June 22nd. Finally, The Goldman Sachs Group set a $286.00 price objective on TE Connectivity in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average target price of $251.15.

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.