Resona Asset Management Co. Ltd. Cuts Stake in TE Connectivity Ltd. $TEL

Resona Asset Management Co. Ltd. cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 8.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,090 shares of the electronics maker’s stock after selling 6,981 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in TE Connectivity were worth $17,143,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Citigroup boosted their price objective 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. Truist Financial raised their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research note on Thursday. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a research report on Wednesday. Finally, Evercore ISI raised their price objective on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $249.38.

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity 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 completion of the sale, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Stock Down 3.2%

TE Connectivity stock opened at $223.86 on Monday. The firm has a market cap of $65.71 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.24. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The business’s 50-day moving average price is $230.89 and its 200 day moving average price is $219.83. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.17. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

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.