Robeco Schweiz AG Sells 50,900 Shares of TE Connectivity Ltd. $TEL

Robeco Schweiz AG cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 34.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,510 shares of the electronics maker’s stock after selling 50,900 shares during the period. Robeco Schweiz AG’s holdings in TE Connectivity were worth $20,967,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in TE Connectivity in the second quarter valued at $609,158,000. Valeo Financial Advisors LLC raised its holdings in TE Connectivity by 39,846.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock worth $299,490,000 after buying an additional 1,771,153 shares during the last quarter. Bank of America Corp DE raised its stake in shares of TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Dodge & Cox lifted its position in TE Connectivity by 6.3% during the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after purchasing an additional 1,017,323 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of TE Connectivity by 21.8% in the second quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock worth $697,694,000 after acquiring an additional 739,453 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total value of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president owned 20,903 shares in the company, valued at $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TEL shares. Citigroup raised their price objective on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. The Goldman Sachs Group boosted their target price on shares of TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Cowen reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Truist Financial upped their target price on shares of TE Connectivity from $239.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Finally, Wells Fargo & Company increased their target price on shares of TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.85.

TE Connectivity Trading Up 0.4%

Shares of NYSE:TEL opened at $236.36 on Wednesday. The business’s 50-day moving average is $232.25 and its 200 day moving average is $216.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The firm has a market capitalization of $69.54 billion, a P/E ratio of 38.43, a P/E/G ratio of 1.81 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.15. The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.

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.