Anchor Capital Advisors LLC Lowers Stock Holdings in TE Connectivity Ltd. $TEL

Anchor Capital Advisors LLC decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 22.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 237,132 shares of the electronics maker’s stock after selling 68,045 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.08% of TE Connectivity worth $39,997,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Rossby Financial LCC lifted its stake in shares of TE Connectivity by 6.0% during the 2nd quarter. Rossby Financial LCC now owns 1,000 shares of the electronics maker’s stock valued at $169,000 after buying an additional 57 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in TE Connectivity by 2.8% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,061 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 57 shares in the last quarter. Martingale Asset Management L P lifted its stake in TE Connectivity by 3.6% in the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock worth $255,000 after purchasing an additional 63 shares in the last quarter. Nelson Capital Management LLC lifted its stake in TE Connectivity by 0.4% in the 2nd quarter. Nelson Capital Management LLC now owns 15,464 shares of the electronics maker’s stock worth $2,608,000 after purchasing an additional 63 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of TE Connectivity from $200.00 to $255.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, The Goldman Sachs Group upped their target price on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.58.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 131,171 shares of company stock worth $31,380,209. Insiders own 0.90% of the company’s stock.

TE Connectivity Stock Up 2.2%

Shares of NYSE TEL opened at $248.93 on Thursday. The firm’s 50-day moving average price is $221.34 and its 200-day moving average price is $190.42. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 2.24 and a beta of 1.27. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating the consensus estimate of $2.29 by $0.15. The company had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio is presently 46.18%.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.