Compass Wealth Management LLC Cuts Stock Holdings in TE Connectivity Ltd. $TEL

Compass Wealth Management LLC trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 24.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,589 shares of the electronics maker’s stock after selling 9,140 shares during the quarter. TE Connectivity accounts for approximately 1.6% of Compass Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Compass Wealth Management LLC’s holdings in TE Connectivity were worth $6,277,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC boosted its holdings in TE Connectivity by 7.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,012 shares of the electronics maker’s stock worth $458,000 after acquiring an additional 139 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in TE Connectivity by 16.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 90,092 shares of the electronics maker’s stock worth $20,497,000 after acquiring an additional 12,894 shares during the last quarter. Metis Global Partners LLC boosted its holdings in TE Connectivity by 12.5% during the 4th quarter. Metis Global Partners LLC now owns 11,291 shares of the electronics maker’s stock worth $2,569,000 after acquiring an additional 1,253 shares during the last quarter. Goodman Advisory Group LLC purchased a new position in TE Connectivity during the 4th quarter worth $73,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity during the 4th quarter worth $40,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 28,200 shares of company stock valued at $6,140,644. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of analyst reports. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a report on Thursday, April 23rd. Oppenheimer lifted their price objective 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. Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Barclays lowered their target price on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Trading Down 4.1%

NYSE TEL opened at $202.30 on Thursday. The stock has a market capitalization of $59.05 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.49 and a beta of 1.16. TE Connectivity Ltd. has a one year low of $162.17 and a one year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The business’s fifty day moving average is $214.55 and its 200-day moving average is $220.78.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity announced that its Board of Directors has initiated a share buyback plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is currently 31.87%.

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.