Wealthfront Advisers LLC Lowers Position in TE Connectivity Ltd. $TEL

Wealthfront Advisers LLC decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,082 shares of the electronics maker’s stock after selling 3,651 shares during the quarter. Wealthfront Advisers LLC’s holdings in TE Connectivity were worth $6,706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Man Group plc increased its stake in TE Connectivity by 259.9% in the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after acquiring an additional 904,468 shares during the last quarter. Jefferies Financial Group Inc. boosted its position in shares of TE Connectivity by 575.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after acquiring an additional 31,096 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of TE Connectivity in the fourth quarter valued at $1,983,000. Hsbc Holdings PLC increased its position in TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock worth $52,506,000 after purchasing an additional 23,074 shares during the last quarter. Finally, Swedbank AB increased its position in TE Connectivity by 8.1% in the fourth quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock worth $19,300,000 after purchasing an additional 6,385 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

TE Connectivity Trading Up 0.3%

TEL stock opened at $203.22 on Friday. TE Connectivity Ltd. has a twelve month low of $177.21 and a twelve month high of $252.56. The stock has a market capitalization of $59.32 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $205.86 and its two-hundred day simple moving average is $215.96.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same quarter last year, the business earned $2.10 EPS. The business’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, analysts anticipate that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

Analyst Ratings Changes

A number of equities analysts have commented on TEL shares. Truist Financial dropped their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen cut shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. UBS Group reduced their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company upped their price objective on TE Connectivity from $226.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and an average target price of $255.31.

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.