Pzena Investment Management LLC Decreases Stock Holdings in TE Connectivity Ltd. $TEL

Pzena Investment Management LLC reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 21.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,889,576 shares of the electronics maker’s stock after selling 528,977 shares during the period. TE Connectivity accounts for about 1.4% of Pzena Investment Management LLC’s holdings, making the stock its 24th largest holding. Pzena Investment Management LLC’s holdings in TE Connectivity were worth $414,819,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TEL. HHM Wealth Advisors LLC lifted its stake in TE Connectivity by 11.8% in the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock valued at $89,000 after buying an additional 43 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of TE Connectivity by 3.4% in the third quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock valued at $320,000 after acquiring an additional 48 shares in the last quarter. Dakota Community Bank & Trust NA boosted its stake 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 valued at $209,000 after acquiring an additional 49 shares during the last quarter. Security National Bank of SO Dak raised its stake 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 purchasing an additional 50 shares during the last quarter. Finally, Csenge Advisory Group lifted its holdings 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 purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 0.1%

TEL stock opened at $235.75 on Thursday. 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 company has a market cap of $69.18 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.80 and a beta of 1.24. The business has a fifty day simple moving average of $229.96 and a 200-day simple moving average of $224.07. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) 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 return on equity of 22.72% and a net margin of 11.41%.The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued 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 (DPR) is presently 40.98%.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the transaction, the insider owned 32,541 shares in the company, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value 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 approximately $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,545 shares of company stock valued at $5,436,928 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TEL shares. Oppenheimer lifted their price target on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. The Goldman Sachs Group set a $306.00 price objective on TE Connectivity in a report on Wednesday, January 21st. Finally, Truist Financial upped their target price on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.