NEOS Investment Management LLC Purchases 11,532 Shares of TE Connectivity Ltd. $TEL

NEOS Investment Management LLC boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 45.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,892 shares of the electronics maker’s stock after acquiring an additional 11,532 shares during the quarter. NEOS Investment Management LLC’s holdings in TE Connectivity were worth $8,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of TE Connectivity in the 2nd quarter valued at about $609,158,000. Bank of America Corp DE increased its position in TE Connectivity by 27.5% during 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 buying an additional 1,352,152 shares during the last quarter. Dodge & Cox raised its stake in TE Connectivity by 6.3% in the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after buying an additional 1,017,323 shares during the period. Bank of New York Mellon Corp lifted its position in shares of TE Connectivity by 21.8% in the second 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 buying an additional 739,453 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in shares of TE Connectivity by 40,481.3% during the 2nd quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock worth $114,788,000 after acquiring an additional 678,871 shares during the period. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE TEL opened at $235.75 on Thursday. The firm has a 50-day moving average price of $229.96 and a two-hundred day moving average price of $224.07. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. The company has a market capitalization of $69.18 billion, a P/E ratio of 34.02, a P/E/G ratio of 1.80 and a beta of 1.24. 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 EPS for the quarter, topping the consensus estimate of $2.55 by $0.17. The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 21.7% on a year-over-year basis. During the same period last year, the firm earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio is 40.98%.

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction dated 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 owned 21,810 shares of the company’s stock, valued at $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the sale, the insider owned 32,541 shares in the company, valued at $7,608,736.62. The trade was a 22.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 23,545 shares of company stock worth $5,436,928. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their price target on TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Oppenheimer raised their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Barclays increased their price target on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.93.

TE Connectivity 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.