Los Angeles Capital Management LLC Cuts Stock Holdings in TE Connectivity Ltd. $TEL

Los Angeles Capital Management LLC lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 5.9% in the second quarter, Holdings Channel.com reports. The firm owned 104,575 shares of the electronics maker’s stock after selling 6,597 shares during the quarter. Los Angeles Capital Management LLC’s holdings in TE Connectivity were worth $17,639,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TEL. Princeton Global Asset Management LLC purchased a new position in shares of TE Connectivity during the 2nd quarter worth approximately $26,000. Salomon & Ludwin LLC boosted its stake in shares of TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after buying an additional 66 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in TE Connectivity during the second quarter worth $33,000. Costello Asset Management INC purchased a new position in TE Connectivity in the first quarter worth $28,000. Finally, Millstone Evans Group LLC purchased a new position in TE Connectivity in the first quarter worth $32,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TEL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Citigroup upped their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Truist Financial lifted their price target on shares of TE Connectivity from $200.00 to $255.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. The Goldman Sachs Group boosted their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, Robert W. Baird raised their price objective on TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Two equities 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $241.58.

TE Connectivity Stock Down 0.1%

Shares of NYSE TEL opened at $242.27 on Friday. The firm’s 50-day moving average is $222.75 and its two-hundred day moving average is $191.97. The company has a market capitalization of $71.59 billion, a PE ratio of 39.39, a price-to-earnings-growth 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. 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 issued its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the previous year, the firm posted $1.95 EPS. The company’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. Equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio is currently 46.18%.

Insider Activity at TE Connectivity

In related news, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the sale, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at $5,178,300.19. The trade was a 54.48% 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 valued at $31,380,209 over the last quarter. Insiders own 0.90% of the company’s stock.

TE Connectivity Company 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.