TE Connectivity Ltd. $TEL Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,253,141 shares of the electronics maker’s stock after selling 39,179 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of TE Connectivity worth $8,397,712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of TE Connectivity by 7.0% in the third quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock worth $73,849,000 after buying an additional 21,882 shares during the period. J. Safra Sarasin Holding AG lifted its stake in TE Connectivity by 132.5% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker’s stock worth $2,952,000 after acquiring an additional 7,664 shares in the last quarter. Nordea Investment Management AB lifted its stake in TE Connectivity by 3.5% in the 3rd quarter. Nordea Investment Management AB now owns 1,662,615 shares of the electronics maker’s stock worth $363,215,000 after acquiring an additional 56,833 shares in the last quarter. Vise Technologies Inc. purchased a new position in TE Connectivity during the 2nd quarter valued at about $917,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of TE Connectivity by 11.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker’s stock valued at $10,369,000 after purchasing an additional 4,813 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TEL shares. 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. Citigroup upped 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. Barclays upped their target price on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Wells Fargo & Company boosted their price target on TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Truist Financial increased their price objective on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.93.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the transaction, the executive vice president directly owned 21,810 shares in the company, valued at approximately $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

TE Connectivity Stock Performance

TEL opened at $235.99 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $230.13 and its two-hundred day moving average price is $223.75. The firm has a market capitalization of $69.25 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business’s revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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