Core Alternative Capital Sells 2,351 Shares of TE Connectivity Ltd. $TEL

Core Alternative Capital cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,422 shares of the electronics maker’s stock after selling 2,351 shares during the quarter. Core Alternative Capital’s holdings in TE Connectivity were worth $4,703,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in TE Connectivity during the 2nd quarter valued at about $609,158,000. Valeo Financial Advisors LLC increased its holdings in TE Connectivity by 39,846.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock worth $299,490,000 after acquiring an additional 1,771,153 shares during the period. Bank of America Corp DE lifted its stake in 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 purchasing an additional 1,352,152 shares in the last quarter. Dodge & Cox boosted its holdings in TE Connectivity by 6.3% in the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after purchasing an additional 1,017,323 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of TE Connectivity by 21.8% in the second quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock worth $697,694,000 after purchasing an additional 739,453 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 2.4%

Shares of TEL opened at $231.01 on Wednesday. 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 $67.78 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 1.72 and a beta of 1.24. The firm has a 50 day moving average price of $230.71 and a 200-day moving average price of $220.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating the consensus estimate of $2.55 by $0.17. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio is currently 40.98%.

Insider Activity at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction that occurred 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 transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at $5,178,300.19. The trade was a 54.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the 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 sale, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TEL has been the subject of several research analyst reports. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Truist Financial boosted their price objective on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Evercore ISI raised their target price on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Robert W. Baird boosted their price target on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Barclays increased their price target on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.86.

TE Connectivity Company 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.