TE Connectivity Ltd. $TEL Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.7% in the second quarter, Holdings Channel.com reports. The fund owned 4,423,864 shares of the electronics maker’s stock after selling 219,342 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in TE Connectivity were worth $746,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TEL. Princeton Global Asset Management LLC acquired a new stake in shares of TE Connectivity during the second quarter worth $26,000. Costello Asset Management INC purchased a new position in TE Connectivity in the 1st quarter worth about $28,000. Salomon & Ludwin LLC raised its holdings in TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after buying an additional 66 shares during the period. Millstone Evans Group LLC purchased a new stake in TE Connectivity during the first quarter valued at about $32,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of TE Connectivity in the second quarter worth about $33,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the firm’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 owned 25,976 shares in the company, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 131,171 shares of company stock worth $31,380,209 over the last ninety days. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TEL shares. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. The Goldman Sachs Group boosted their target price on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. KGI Securities raised TE Connectivity to a “hold” rating in a research report on Thursday, July 24th. Finally, Citigroup increased their price objective on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.58.

TE Connectivity Trading Up 0.4%

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 1-year low of $116.30 and a 1-year high of $250.67. The firm’s fifty day simple moving average is $226.39 and its 200-day simple moving average is $195.48. The company has a market capitalization of $69.76 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share 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. Investors of record on Friday, November 21st will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.

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.