CenterBook Partners LP Invests $471,000 in TE Connectivity Ltd. $TEL

CenterBook Partners LP purchased a new stake in TE Connectivity Ltd. (NYSE:TEL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,144 shares of the electronics maker’s stock, valued at approximately $471,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in TE Connectivity during the second quarter valued at approximately $609,158,000. Bank of America Corp DE increased its position in shares of TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Dodge & Cox raised its holdings in TE Connectivity by 6.3% during the 2nd 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 period. Bank of New York Mellon Corp lifted its position in 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 buying an additional 739,453 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in TE Connectivity by 40,481.3% during the second quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock worth $114,788,000 after buying an additional 678,871 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.9%

Shares of NYSE:TEL opened at $234.56 on Friday. The business’s 50 day moving average is $229.79 and its 200 day moving average is $224.50. The stock has a market cap of $68.83 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the company posted $1.95 EPS. TE Connectivity’s revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. TE Connectivity’s dividend payout ratio is 40.98%.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Friday, February 13th. The stock was sold at an average price of $233.82, for a total value of $2,197,908.00. Following the transaction, the insider directly owned 32,541 shares in the company, valued at approximately $7,608,736.62. This trade represents a 22.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the sale, the executive vice president owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This trade represents a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,545 shares of company stock worth $5,436,928 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TEL shares. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. UBS Group boosted their target price on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Truist Financial boosted their price objective on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

About TE Connectivity

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.