Envestnet Asset Management Inc. Acquires 100,037 Shares of TE Connectivity Ltd. $TEL

Envestnet Asset Management Inc. grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 7.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,518,112 shares of the electronics maker’s stock after purchasing an additional 100,037 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.51% of TE Connectivity worth $333,271,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of TE Connectivity during the second quarter worth approximately $609,158,000. Bank of America Corp DE grew its stake in 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 in the last quarter. Dodge & Cox increased its holdings in TE Connectivity by 6.3% during the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after purchasing an additional 1,017,323 shares during the period. Bank of New York Mellon Corp raised its position in TE Connectivity by 21.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock valued at $697,694,000 after purchasing an additional 739,453 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in shares of TE Connectivity by 40,481.3% in the 2nd quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock worth $114,788,000 after buying an additional 678,871 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TEL. UBS Group lifted their price objective on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings lowered TE Connectivity from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $250.86.

TE Connectivity Price Performance

NYSE TEL opened at $215.62 on Thursday. The firm’s fifty day simple moving average is $230.82 and its two-hundred day simple moving average is $222.20. The firm has a market capitalization of $63.27 billion, a P/E ratio of 31.11, a P/E/G ratio of 1.72 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 Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $4.52 billion. During the same quarter last year, the firm earned $1.95 EPS. The business’s quarterly revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity’s payout ratio is presently 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.