Glenmede Trust Co. NA Lowers Stock Position in TE Connectivity Ltd. $TEL

Glenmede Trust Co. NA trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,565 shares of the electronics maker’s stock after selling 4,074 shares during the quarter. Glenmede Trust Co. NA’s holdings in TE Connectivity were worth $27,082,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TEL. Kohmann Bosshard Financial Services LLC bought a new stake in TE Connectivity during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. raised its position in shares of TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new position in shares of TE Connectivity in the 4th quarter worth $40,000. MV Capital Management Inc. purchased a new stake in shares of TE Connectivity during the 4th quarter worth $41,000. Finally, Westfuller Advisors LLC boosted its position in TE Connectivity by 120.2% during the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

TE Connectivity Trading Down 0.1%

NYSE:TEL opened at $206.34 on Friday. The company has a market capitalization of $59.74 billion, a P/E ratio of 20.23, a PEG ratio of 1.38 and a beta of 1.17. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56. The firm has a fifty day simple moving average of $206.12 and a 200-day simple moving average of $214.24.

TE Connectivity (NYSE:TEL) last released 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. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the firm earned $2.27 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 11.48 earnings per share for the current year.

TE Connectivity Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TEL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a research note on Friday, July 24th. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $251.15.

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.