Security National Bank of Sioux City Iowa IA Acquires 3,765 Shares of TE Connectivity Ltd. $TEL

Security National Bank of Sioux City Iowa IA boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 26.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,918 shares of the electronics maker’s stock after buying an additional 3,765 shares during the quarter. TE Connectivity makes up approximately 1.5% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 17th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in TE Connectivity were worth $3,612,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in TE Connectivity by 11.1% in the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock worth $52,506,000 after acquiring an additional 23,074 shares during the last quarter. Man Group plc boosted its position in TE Connectivity by 259.9% during the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after purchasing an additional 904,468 shares during the period. Swedbank AB boosted its position in TE Connectivity by 8.1% during the fourth quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock worth $19,300,000 after purchasing an additional 6,385 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of TE Connectivity by 575.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock worth $8,303,000 after purchasing an additional 31,096 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in shares of TE Connectivity by 324.9% in the second quarter. Benjamin Edwards Inc. now owns 62,370 shares of the electronics maker’s stock valued at $12,574,000 after purchasing an additional 47,691 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on TEL. Evercore reaffirmed an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a report on Monday, June 22nd. UBS Group reissued a “buy” rating and set a $241.00 target price on shares of TE Connectivity in a report on Thursday, July 23rd. Citigroup cut their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Finally, Barclays increased their price objective on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus target price of $252.00.

TE Connectivity Price Performance

Shares of TEL traded down $0.92 during mid-day trading on Friday, reaching $205.68. 4,228,706 shares of the stock traded hands, compared to its average volume of 2,423,032. The company has a market cap of $59.55 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. TE Connectivity Ltd. has a 1 year low of $190.27 and a 1 year high of $252.56. The firm has a fifty day moving average price of $206.77 and a 200 day moving average price of $208.75. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion during 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 firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts predict that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

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.