TE Connectivity Ltd. $TEL Stake Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 484,067 shares of the electronics maker’s stock after selling 21,850 shares during the quarter. Russell Investments Group Ltd.’s holdings in TE Connectivity were worth $106,185,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of TE Connectivity during the second quarter worth approximately $609,158,000. Bank of America Corp DE lifted its position in TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after buying an additional 1,352,152 shares in the last quarter. Dodge & Cox boosted its stake in shares of TE Connectivity by 6.3% during the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after buying an additional 1,017,323 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of TE Connectivity by 40,481.3% in the second quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock worth $114,788,000 after acquiring an additional 678,871 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of TE Connectivity by 34.5% during the second quarter. Boston Partners now owns 1,904,718 shares of the electronics maker’s stock worth $321,463,000 after acquiring an additional 488,269 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Up 0.4%

NYSE TEL opened at $206.75 on Tuesday. The stock’s 50 day moving average is $227.79 and its two-hundred day moving average is $226.08. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The company has a market capitalization of $60.67 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.57 and a beta of 1.23. 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 released its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the company posted $1.95 earnings per share. The business’s revenue for the quarter 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. Equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal 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 $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s payout ratio is presently 40.98%.

Insider Transactions at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the sale, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This represents a 22.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $233.82, for a total value of $2,197,908.00. Following the sale, the insider directly owned 32,541 shares of the company’s stock, valued at $7,608,736.62. This represents a 22.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,945 shares of company stock valued at $7,528,616 in the last three months. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Oppenheimer increased 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. The Goldman Sachs Group set a $306.00 price objective on TE Connectivity in a research note on Wednesday, January 21st. Barclays upped their price objective on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Truist Financial raised their price target on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company increased their price objective on TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

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.