Impax Asset Management Group plc Has $278.69 Million Stock Holdings in TE Connectivity Ltd. $TEL

Impax Asset Management Group plc lowered its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 14.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,657,678 shares of the electronics maker’s stock after selling 284,642 shares during the period. TE Connectivity comprises about 1.6% of Impax Asset Management Group plc’s portfolio, making the stock its 16th biggest holding. Impax Asset Management Group plc owned about 0.56% of TE Connectivity worth $278,691,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new stake in shares of TE Connectivity in the 2nd quarter valued at approximately $26,000. Costello Asset Management INC acquired a new stake in TE Connectivity in the first quarter valued at approximately $28,000. Salomon & Ludwin LLC grew its stake in shares of TE Connectivity by 58.9% during the second 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. Millstone Evans Group LLC acquired a new position in shares of TE Connectivity during the first quarter worth $32,000. Finally, Richardson Financial Services Inc. bought a new position in shares of TE Connectivity in the 2nd quarter valued at $33,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TEL. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Truist Financial boosted their target price on shares of TE Connectivity from $200.00 to $255.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Barclays lifted their price target on shares of TE Connectivity from $249.00 to $277.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird increased their price objective on TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.58.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction on 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 sale, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $11,246,066.45. This trade represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 131,171 shares of company stock valued at $31,380,209. Company insiders own 0.90% of the company’s stock.

TE Connectivity Stock Down 0.2%

Shares of NYSE TEL opened at $246.60 on Thursday. The firm has a market cap of $72.87 billion, a PE ratio of 40.10, a P/E/G ratio of 2.24 and a beta of 1.27. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. The company’s fifty day simple moving average is $225.26 and its 200 day simple moving average is $194.20. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38.

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

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio is presently 46.18%.

TE Connectivity Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.