CENTRAL TRUST Co Raises Stock Holdings in TE Connectivity Ltd. $TEL

CENTRAL TRUST Co boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 101.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 595 shares of the electronics maker’s stock after acquiring an additional 300 shares during the quarter. CENTRAL TRUST Co’s holdings in TE Connectivity were worth $100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TEL. Nordea Investment Management AB boosted its holdings in TE Connectivity by 54.4% in the second quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock worth $269,723,000 after acquiring an additional 565,857 shares in the last quarter. Foresight Group Ltd Liability Partnership purchased a new position in shares of TE Connectivity in the 1st quarter valued at approximately $31,983,000. Syntegra Private Wealth Group LLC acquired a new stake in TE Connectivity in the 2nd quarter worth approximately $215,000. Ascent Group LLC purchased a new stake in TE Connectivity during the 1st quarter worth approximately $364,000. Finally, Simon Quick Advisors LLC purchased a new position in shares of TE Connectivity in the second quarter worth $287,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Trading Up 0.4%

Shares of NYSE:TEL opened at $237.14 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. The business has a 50 day moving average of $226.39 and a two-hundred day moving average of $195.13. The company has a market capitalization of $70.07 billion, a PE ratio of 38.56, a PEG ratio of 2.24 and a beta of 1.27.

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 net margin of 10.67% and a return on equity of 21.18%. The firm had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the firm earned $1.95 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their target price on TE Connectivity from $215.00 to $241.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, KGI Securities raised shares of TE Connectivity to a “hold” rating in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.58.

Insider Activity at TE Connectivity

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 of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity 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 completion of the sale, the executive vice president directly owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 131,171 shares of company stock worth $31,380,209 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

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.