TE Connectivity Ltd. $TEL Stake Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 259.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,113 shares of the electronics maker’s stock after acquiring an additional 5,855 shares during the period. Exchange Traded Concepts LLC’s holdings in TE Connectivity were worth $1,781,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after purchasing an additional 410,910 shares in the last quarter. Dodge & Cox increased its holdings in TE Connectivity by 6.3% in the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after buying an additional 1,017,323 shares during the last quarter. State Street Corp raised its stake in TE Connectivity by 0.8% during the second quarter. State Street Corp now owns 12,928,733 shares of the electronics maker’s stock valued at $2,180,693,000 after buying an additional 100,040 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in TE Connectivity by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock worth $1,185,474,000 after buying an additional 464,853 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction on Monday, November 3rd. The stock was 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 owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following 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 SEC filing for this sale provides additional information. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TEL. TD Cowen raised their price objective on TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Truist Financial increased their target price on shares of TE Connectivity from $239.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $241.00 to $245.00 and gave the company an “equal weight” rating in a report on Tuesday, December 9th. Cowen reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Finally, Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $244.85.

TE Connectivity Trading Up 0.1%

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

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating the consensus estimate of $2.29 by $0.15. The company had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. TE Connectivity’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s payout ratio is presently 46.18%.

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.