Massachusetts Financial Services Co. MA Sells 1,441,996 Shares of TE Connectivity Ltd. $TEL

Massachusetts Financial Services Co. MA decreased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 32.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,981,868 shares of the electronics maker’s stock after selling 1,441,996 shares during the period. Massachusetts Financial Services Co. MA owned about 1.01% of TE Connectivity worth $654,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of TEL. Mirae Asset Global Investments Co. Ltd. raised its stake in TE Connectivity by 11.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock valued at $7,078,000 after buying an additional 4,310 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of TE Connectivity by 54.4% during the second quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock worth $269,723,000 after acquiring an additional 565,857 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after acquiring an additional 410,910 shares in the last quarter. PFG Investments LLC purchased a new position in shares of TE Connectivity in the 2nd quarter valued at approximately $274,000. Finally, Vise Technologies Inc. acquired a new stake in TE Connectivity in the 2nd quarter worth approximately $917,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $241.23 on Monday. The firm’s fifty day moving average is $231.98 and its two-hundred day moving average is $217.75. The firm has a market cap of $70.97 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 1.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.56. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67.

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

TE Connectivity Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Heath A. Mitts sold 82,300 shares of the firm’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 in the company, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $6,198,452.33. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TEL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Robert W. Baird boosted their price objective on shares of TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Citigroup raised their target price on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Evercore ISI lifted their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Truist Financial increased their price objective on TE Connectivity from $239.00 to $240.00 and gave the company a “hold” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $248.23.

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.