TE Connectivity Ltd. $TEL Stake Reduced by S&CO Inc.

S&CO Inc. cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 2.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 24,243 shares of the electronics maker’s stock after selling 510 shares during the period. S&CO Inc.’s holdings in TE Connectivity were worth $4,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of TEL. Brighton Jones LLC bought a new stake in TE Connectivity in the 4th quarter valued at about $820,000. Axxcess Wealth Management LLC increased its stake in shares of TE Connectivity by 68.9% in the first quarter. Axxcess Wealth Management LLC now owns 3,816 shares of the electronics maker’s stock valued at $539,000 after purchasing an additional 1,557 shares during the period. Cerity Partners LLC raised its holdings in shares of TE Connectivity by 3.6% during the first quarter. Cerity Partners LLC now owns 40,486 shares of the electronics maker’s stock valued at $5,721,000 after buying an additional 1,389 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of TE Connectivity by 1.4% during the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker’s stock worth $703,000 after buying an additional 68 shares during the period. Finally, Arizona State Retirement System grew its holdings in TE Connectivity by 1.2% in the 1st quarter. Arizona State Retirement System now owns 87,796 shares of the electronics maker’s stock worth $12,407,000 after buying an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s 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 in the company, valued at $11,246,066.45. This represents a 64.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 131,171 shares of company stock worth $31,380,209. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TEL shares. Evercore ISI lifted their target price on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Barclays lifted their price objective on shares of TE Connectivity from $249.00 to $277.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group increased their target price on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, Truist Financial raised their target price on shares of TE Connectivity from $200.00 to $255.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $241.58.

TE Connectivity Trading Down 0.1%

Shares of TE Connectivity stock opened at $242.27 on Monday. The business has a fifty day simple moving average of $222.75 and a 200-day simple moving average of $192.37. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The firm has a market cap of $71.59 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth 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 issued its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the business earned $1.95 earnings per share. TE Connectivity’s revenue for the quarter 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. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio is currently 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.