First Trust Advisors LP Cuts Stock Holdings in TE Connectivity Ltd. $TEL

First Trust Advisors LP lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,158 shares of the electronics maker’s stock after selling 3,105 shares during the period. First Trust Advisors LP owned about 0.14% of TE Connectivity worth $87,612,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TEL. ABN Amro Investment Solutions purchased a new position in TE Connectivity during the first quarter worth about $5,937,000. Oslo Pensjonsforsikring AS bought a new position in shares of TE Connectivity during the 1st quarter worth approximately $320,000. Baader Bank Aktiengesellschaft lifted its position in shares of TE Connectivity by 15.9% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 3,893 shares of the electronics maker’s stock worth $814,000 after buying an additional 534 shares in the last quarter. Glenview Trust Co boosted its stake in shares of TE Connectivity by 23.6% in the 1st quarter. Glenview Trust Co now owns 2,442 shares of the electronics maker’s stock worth $510,000 after buying an additional 466 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of TE Connectivity in the first quarter valued at approximately $100,000. 91.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TEL shares. Truist Financial dropped their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Wells Fargo & Company lowered their target price on TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating on the stock in a research note on Thursday. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $251.15.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $202.95 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $205.36 and a two-hundred day simple moving average of $215.01. TE Connectivity Ltd. has a 1-year low of $190.27 and a 1-year high of $252.56. The firm has a market cap of $59.24 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Analysts anticipate that TE Connectivity Ltd. will post 11.41 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s dividend payout ratio is 30.59%.

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.