Waverton Investment Management Ltd Decreases Holdings in TE Connectivity Ltd. $TEL

Waverton Investment Management Ltd cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 30.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,102,661 shares of the electronics maker’s stock after selling 484,554 shares during the quarter. TE Connectivity makes up 2.6% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 19th biggest position. Waverton Investment Management Ltd’s holdings in TE Connectivity were worth $185,936,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC purchased a new position in shares of TE Connectivity during the second quarter worth approximately $26,000. Costello Asset Management INC purchased a new position in shares of TE Connectivity during the first quarter worth approximately $28,000. Salomon & Ludwin LLC raised its stake in shares of TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of TE Connectivity during the first quarter worth approximately $32,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of TE Connectivity during the second quarter worth approximately $33,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 131,171 shares of company stock valued at $31,380,209. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. KGI Securities raised shares of TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Bank of America lifted their target price on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Finally, Robert W. Baird lifted their target price on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $241.58.

TE Connectivity Stock Up 2.2%

Shares of NYSE TEL opened at $248.93 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The firm’s fifty day moving average is $221.34 and its 200 day moving average is $190.42. The company has a market cap of $73.55 billion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.24 and a beta of 1.27.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data 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 net margin of 10.67% and a return on equity of 21.18%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s 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.