First Eagle Investment Management LLC Lowers Position in TE Connectivity Ltd. $TEL

First Eagle Investment Management LLC cut its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 124,586 shares of the electronics maker’s stock after selling 1,398 shares during the period. First Eagle Investment Management LLC’s holdings in TE Connectivity were worth $21,014,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TEL. Vanguard Group Inc. boosted its holdings in shares of TE Connectivity by 17.0% during the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock valued at $5,353,401,000 after buying an additional 5,502,415 shares in the last quarter. Dodge & Cox lifted its position in TE Connectivity by 0.4% during the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker’s stock valued at $2,264,297,000 after acquiring an additional 56,871 shares during the period. Wellington Management Group LLP grew its holdings in TE Connectivity by 17.2% in the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock worth $1,054,133,000 after purchasing an additional 1,097,035 shares during the period. Ameriprise Financial Inc. increased its stake in shares of TE Connectivity by 17.1% during the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock valued at $927,571,000 after purchasing an additional 960,276 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of TE Connectivity by 21.8% during the second quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock valued at $697,694,000 after purchasing an additional 739,453 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE TEL opened at $242.40 on Friday. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67. The stock has a 50-day moving average of $222.03 and a 200 day moving average of $190.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.56. The company has a market capitalization of $71.62 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.24 and a beta of 1.27.

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

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s dividend payout ratio is presently 46.18%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TEL shares. Robert W. Baird upped their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Truist Financial raised their price target on TE Connectivity from $200.00 to $255.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Evercore ISI lifted their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Barclays raised their price objective on shares of TE Connectivity from $249.00 to $277.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their target price 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. Two research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $241.58.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. 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 sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. The trade was a 64.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 131,171 shares of company stock worth $31,380,209 in the last ninety days. Insiders own 0.90% of the company’s stock.

About TE Connectivity

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.