Kovitz Investment Group Partners LLC Sells 55,612 Shares of TE Connectivity Ltd. $TEL

Kovitz Investment Group Partners LLC decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 32.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,375 shares of the electronics maker’s stock after selling 55,612 shares during the period. Kovitz Investment Group Partners LLC’s holdings in TE Connectivity were worth $25,987,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. HHM Wealth Advisors LLC increased its holdings in TE Connectivity by 11.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after purchasing an additional 43 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of TE Connectivity by 3.4% during the third quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock worth $320,000 after buying an additional 48 shares during the period. Dakota Community Bank & Trust NA grew its holdings in shares of TE Connectivity by 5.4% during the third quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock worth $209,000 after buying an additional 49 shares in the last quarter. Csenge Advisory Group raised its position in TE Connectivity by 3.2% in the 3rd quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock valued at $352,000 after buying an additional 50 shares during the last quarter. Finally, Security National Bank of SO Dak raised its position in TE Connectivity by 0.5% in the 2nd quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after buying an additional 50 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup raised their price target on shares of 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 set a $306.00 target price on shares of TE Connectivity in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Finally, Oppenheimer raised their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.93.

TE Connectivity Stock Performance

Shares of TEL stock opened at $234.56 on Monday. The company has a fifty day moving average price of $229.79 and a two-hundred day moving average price of $224.67. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67. The stock has a market cap of $68.83 billion, a P/E ratio of 33.85, a P/E/G ratio of 1.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the business earned $1.95 EPS. TE Connectivity’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. As a group, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio is currently 40.98%.

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This trade represents a 22.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $6,069,032.64. This trade represents a 20.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 23,545 shares of company stock valued at $5,436,928 over the last three months. 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.