London Co. of Virginia Decreases Holdings in TE Connectivity Ltd. $TEL

London Co. of Virginia reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,674,057 shares of the electronics maker’s stock after selling 28,236 shares during the quarter. TE Connectivity makes up 1.6% of London Co. of Virginia’s investment portfolio, making the stock its 22nd biggest holding. London Co. of Virginia’s holdings in TE Connectivity were worth $282,368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TEL. Princeton Global Asset Management LLC acquired a new position in TE Connectivity in the second quarter valued at approximately $26,000. Salomon & Ludwin LLC lifted its position in shares of TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after buying an additional 66 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of TE Connectivity in the 2nd quarter valued at $30,000. Richardson Financial Services Inc. acquired a new position in shares of TE Connectivity in the 2nd quarter valued at $33,000. Finally, Avalon Trust Co grew its position in shares of TE Connectivity by 146.7% in the 2nd quarter. Avalon Trust Co now owns 222 shares of the electronics maker’s stock valued at $37,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TEL. UBS Group upped their price objective on shares of TE Connectivity from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Tuesday. TD Cowen boosted their price objective on TE Connectivity from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, Barclays increased their price objective on TE Connectivity from $277.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.77.

Insider Buying and Selling

In related news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of the firm’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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Performance

NYSE:TEL opened at $230.25 on Friday. The firm’s fifty day simple moving average is $232.11 and its 200-day simple moving average is $205.40. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The stock has a market cap of $67.74 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.