Midwest Trust Co Sells 16,531 Shares of TE Connectivity Ltd. $TEL

Midwest Trust Co lessened its stake in TE Connectivity Ltd. (NYSE:TEL) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,687 shares of the electronics maker’s stock after selling 16,531 shares during the quarter. Midwest Trust Co owned approximately 0.05% of TE Connectivity worth $33,300,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TEL. HHM Wealth Advisors LLC lifted its stake in TE Connectivity by 11.8% in the third quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock valued at $89,000 after acquiring an additional 43 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of TE Connectivity by 3.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock valued at $320,000 after purchasing an additional 48 shares during the period. Dakota Community Bank & Trust NA raised its holdings in shares of TE Connectivity by 5.4% in the 3rd quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock valued at $209,000 after purchasing an additional 49 shares during the period. Security National Bank of SO Dak grew its holdings in TE Connectivity by 0.5% during the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after purchasing an additional 50 shares during the period. Finally, Csenge Advisory Group increased its position in TE Connectivity by 3.2% during the third quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock worth $352,000 after buying an additional 50 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TEL has been the subject of a number of recent analyst reports. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price target on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Oppenheimer raised shares of TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research report on Tuesday, January 27th. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Finally, Wells Fargo & Company raised their target price on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. One investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $250.86.

TE Connectivity Stock Up 5.0%

TEL stock opened at $226.78 on Tuesday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The stock has a market capitalization of $66.54 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.64 and a beta of 1.24. The business’s fifty day moving average price is $230.33 and its two-hundred day moving average price is $222.95.

TE Connectivity (NYSE:TEL) last released its quarterly 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. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the company posted $1.95 earnings per share. TE Connectivity’s revenue 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. On average, equities analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity 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 sale, the executive vice president directly owned 21,810 shares in the company, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity 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.