Glenmede Trust Co. NA Trims Stock Position in TE Connectivity Ltd. $TEL

Glenmede Trust Co. NA cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,565 shares of the electronics maker’s stock after selling 4,074 shares during the period. Glenmede Trust Co. NA’s holdings in TE Connectivity were worth $27,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TEL. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock valued at $8,741,226,000 after buying an additional 168,142 shares during the last quarter. State Street Corp boosted its stake in shares of TE Connectivity by 0.6% in the fourth quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock worth $2,981,572,000 after buying an additional 76,292 shares during the last quarter. Geode Capital Management LLC grew its holdings in TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after acquiring an additional 161,967 shares during the period. Bank of America Corp DE grew its holdings in TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares during the period. Finally, Bank of New York Mellon Corp raised its position in TE Connectivity by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock valued at $1,001,907,000 after acquiring an additional 144,353 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

NYSE TEL opened at $206.34 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $206.12 and its 200-day simple moving average is $214.24. The company has a market cap of $59.74 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business 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 anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have issued reports on TEL shares. UBS Group reissued a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a report on Thursday, July 23rd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Barclays increased their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Finally, Wells Fargo & Company cut their price objective on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.15.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

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.