Carnegie Investment Counsel Lowers Stock Position in TE Connectivity Ltd. $TEL

Carnegie Investment Counsel cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 2.8% during the third quarter, Holdings Channel reports. The institutional investor owned 114,617 shares of the electronics maker’s stock after selling 3,313 shares during the quarter. Carnegie Investment Counsel’s holdings in TE Connectivity were worth $25,162,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC purchased a new stake in TE Connectivity in the second quarter worth about $26,000. Neo Ivy Capital Management bought a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $30,000. Salomon & Ludwin LLC grew its stake in shares of TE Connectivity by 58.9% in 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 last quarter. Caldwell Trust Co bought a new position in TE Connectivity during the 2nd quarter valued at approximately $31,000. Finally, Richardson Financial Services Inc. purchased a new position in TE Connectivity during the second quarter valued at $33,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $232.18 on Friday. The firm’s 50-day moving average price is $233.74 and its 200-day moving average price is $210.11. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a market cap of $68.31 billion, a PE ratio of 37.75, a PEG ratio of 1.78 and a beta of 1.25. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The company had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm earned $1.95 earnings per share. The firm’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. As a group, analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

Insider Buying and Selling at TE Connectivity

In related news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the transaction, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Cowen increased their target price on TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Cowen reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, The Goldman Sachs Group raised their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.85.

TE Connectivity Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.