TE Connectivity Ltd. $TEL Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC trimmed its holdings in TE Connectivity Ltd. (NYSE:TEL) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,444 shares of the electronics maker’s stock after selling 334 shares during the quarter. Modera Wealth Management LLC’s holdings in TE Connectivity were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rossby Financial LCC grew its stake in shares of TE Connectivity by 6.0% in the second quarter. Rossby Financial LCC now owns 1,000 shares of the electronics maker’s stock worth $169,000 after purchasing an additional 57 shares in the last quarter. Premier Path Wealth Partners LLC lifted its holdings in TE Connectivity by 2.8% in the second quarter. Premier Path Wealth Partners LLC now owns 2,061 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 57 shares during the period. Martingale Asset Management L P grew its position in TE Connectivity by 3.6% in the 1st quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock valued at $255,000 after buying an additional 63 shares in the last quarter. Nelson Capital Management LLC increased its stake in TE Connectivity by 0.4% during the 2nd quarter. Nelson Capital Management LLC now owns 15,464 shares of the electronics maker’s stock valued at $2,608,000 after buying an additional 63 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after buying an additional 66 shares during the period. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wells Fargo & Company upped their target price on TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Evercore ISI increased their price target on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. KGI Securities raised TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Finally, Robert W. Baird upped their price objective on TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.58.

Insider Buying and Selling

In other news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 45,503 shares in the company, valued at $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the completion of the sale, the executive vice president owned 20,903 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 131,171 shares of company stock valued at $31,380,209. Insiders own 0.90% of the company’s stock.

TE Connectivity Stock Performance

TEL stock opened at $242.27 on Monday. The firm has a 50 day moving average of $222.75 and a two-hundred day moving average of $192.37. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company has a market capitalization of $71.59 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 2.24 and a beta of 1.27. 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 (NYSE:TEL) last posted its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating 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 company had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the company earned $1.95 earnings per share. The business’s 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. As a group, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

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

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.