TE Connectivity Ltd. $TEL Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 8.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 505,917 shares of the electronics maker’s stock after purchasing an additional 41,115 shares during the quarter. Russell Investments Group Ltd.’s holdings in TE Connectivity were worth $85,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nordea Investment Management AB increased its position in TE Connectivity by 54.4% in the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock worth $269,723,000 after purchasing an additional 565,857 shares during the last quarter. Vanguard Group Inc. raised its position in shares of TE Connectivity by 1.1% in the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after purchasing an additional 410,910 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in TE Connectivity by 11.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock worth $7,078,000 after acquiring an additional 4,310 shares during the period. Vise Technologies Inc. bought a new position in shares of TE Connectivity in the second quarter worth about $917,000. Finally, Foresight Group Ltd Liability Partnership acquired a new position in shares of TE Connectivity during the first quarter worth approximately $31,983,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the sale, the executive vice president owned 20,903 shares in the company, valued at $5,178,300.19. The trade was a 54.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the completion of the transaction, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 131,171 shares of company stock valued at $31,380,209. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Up 1.1%

TEL stock opened at $224.76 on Thursday. The stock has a market capitalization of $66.12 billion, a P/E ratio of 36.55, a P/E/G ratio of 2.24 and a beta of 1.27. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The business has a 50-day moving average of $228.64 and a 200-day moving average of $199.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL) last released its 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. The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.TE Connectivity’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

Analyst Ratings Changes

TEL has been the subject of several recent research reports. Truist Financial cut their price target on TE Connectivity from $255.00 to $239.00 and set a “hold” rating for the company in a report on Friday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Barclays boosted their price objective on TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. TD Cowen upped their target price on shares of TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.46.

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.