NewEdge Wealth LLC Has $7.61 Million Position in TE Connectivity Ltd. $TEL

NewEdge Wealth LLC increased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 21.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 34,658 shares of the electronics maker’s stock after purchasing an additional 6,094 shares during the period. NewEdge Wealth LLC’s holdings in TE Connectivity were worth $7,608,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TEL. Neo Ivy Capital Management acquired a new position in TE Connectivity in the 2nd quarter worth $30,000. Caldwell Trust Co acquired a new position in TE Connectivity during the second quarter worth $31,000. Geneos Wealth Management Inc. grew its position in TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 127 shares in the last quarter. Avalon Trust Co increased its position in shares of TE Connectivity by 146.7% in the second quarter. Avalon Trust Co now owns 222 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its position in shares of TE Connectivity by 47.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 54 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TEL shares. JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Wells Fargo & Company increased their price target on TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. TD Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Oppenheimer boosted their price objective on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, UBS Group upped their price target on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.93.

Insider Buying and Selling

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the business’s 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 available through the SEC website. Also, insider Shadrak W. Kroeger sold 6,565 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $233.64, for a total value of $1,533,846.60. Following the completion of the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $6,069,032.64. This represents a 20.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,545 shares of company stock worth $5,436,928 in the last 90 days. Insiders own 0.60% of the company’s stock.

TE Connectivity Stock Down 1.5%

Shares of TEL opened at $232.00 on Friday. 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 one year low of $116.30 and a one year high of $250.67. The company has a market cap of $68.08 billion, a P/E ratio of 33.48, a P/E/G ratio of 1.79 and a beta of 1.24. The firm has a 50 day simple moving average of $229.71 and a two-hundred day simple moving average of $224.13.

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

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors 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 1.2%. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

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.