Cresset Asset Management LLC Has $9.81 Million Holdings in TE Connectivity Ltd. $TEL

Cresset Asset Management LLC boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 11.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,670 shares of the electronics maker’s stock after purchasing an additional 4,492 shares during the period. Cresset Asset Management LLC’s holdings in TE Connectivity were worth $9,806,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC grew its holdings in TE Connectivity by 11.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after acquiring an additional 43 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of TE Connectivity by 3.4% in the third quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock worth $320,000 after acquiring an additional 48 shares during the last quarter. Dakota Community Bank & Trust NA lifted its position in shares of TE Connectivity by 5.4% during the third quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock worth $209,000 after purchasing an additional 49 shares in the last quarter. Csenge Advisory Group grew its stake in shares of TE Connectivity by 3.2% during the third quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock valued at $352,000 after purchasing an additional 50 shares during the last quarter. Finally, Security National Bank of SO Dak increased its holdings in shares of TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the topic of several research reports. UBS Group upped their price objective on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Oppenheimer boosted their target price on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a report on Wednesday, January 21st. 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. Finally, Wells Fargo & Company upped their target price on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $251.93.

Insider Transactions at TE Connectivity

In other news, SVP Reuben M. Shaffer sold 1,425 shares of TE Connectivity stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the transaction, the executive vice president owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This 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 32,945 shares of company stock valued at $7,528,616 over the last 90 days. 0.60% of the stock is owned by company insiders.

TE Connectivity Stock Up 0.7%

TE Connectivity stock opened at $210.52 on Friday. The firm has a market capitalization of $61.77 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.59 and a beta of 1.23. The company’s 50 day simple moving average is $228.82 and its 200 day simple moving average is $225.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. 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 posted its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business posted $1.95 earnings per share. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio is 40.98%.

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.