TE Connectivity Ltd. $TEL Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 91,915 shares of the electronics maker’s stock after selling 3,971 shares during the period. US Bancorp DE’s holdings in TE Connectivity were worth $20,178,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its stake in TE Connectivity by 47.4% in the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of TE Connectivity during the third quarter valued at approximately $39,000. Neo Ivy Capital Management bought a new stake in shares of TE Connectivity during the 2nd quarter valued at $30,000. Proffitt & Goodson Inc. increased its position in shares of TE Connectivity by 330.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 185 shares of the electronics maker’s stock valued at $41,000 after buying an additional 142 shares in the last quarter. Finally, Caldwell Trust Co acquired a new position in TE Connectivity during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TE Connectivity stock opened at $229.68 on Friday. The business’s 50 day simple moving average is $230.69 and its 200 day simple moving average is $225.57. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company has a market cap of $67.39 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.80 and a beta of 1.24. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

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 paid 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 yield of 1.2%. TE Connectivity’s payout ratio is currently 40.98%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TEL shares. UBS Group boosted their price target on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Oppenheimer upped their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Wells Fargo & Company upped their price target 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. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, Barclays increased their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $251.93.

Insider Buying and Selling

In related 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 6,565 shares of TE Connectivity stock in a transaction on Friday, February 13th. The stock was sold at an average price of $233.64, for a total transaction of $1,533,846.60. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 23,545 shares of company stock worth $5,436,928. Corporate insiders own 0.60% of the company’s stock.

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.