TE Connectivity Ltd. $TEL Stock Sold by Ninety One North America Inc.

Ninety One North America Inc. decreased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 22.4% in the third quarter, Holdings Channel reports. The firm owned 59,169 shares of the electronics maker’s stock after selling 17,105 shares during the quarter. Ninety One North America Inc.’s holdings in TE Connectivity were worth $12,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TEL. Turtle Creek Wealth Advisors LLC raised its stake in shares of TE Connectivity by 32.3% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 2,325 shares of the electronics maker’s stock worth $491,000 after purchasing an additional 568 shares during the last quarter. Fortitude Family Office LLC boosted its position in shares of TE Connectivity by 43.5% during the third quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker’s stock valued at $45,000 after buying an additional 64 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of TE Connectivity by 0.8% during the third quarter. First Citizens Bank & Trust Co. now owns 6,577 shares of the electronics maker’s stock valued at $1,388,000 after buying an additional 52 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of TE Connectivity by 11.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,976 shares of the electronics maker’s stock valued at $1,472,000 after buying an additional 697 shares during the last quarter. Finally, Krilogy Financial LLC increased its holdings in TE Connectivity by 77.3% in the 3rd quarter. Krilogy Financial LLC now owns 4,363 shares of the electronics maker’s stock worth $948,000 after buying an additional 1,902 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL traded down $1.05 during trading hours on Thursday, hitting $209.20. The stock had a trading volume of 1,082,436 shares, compared to its average volume of 2,339,136. The firm has a market capitalization of $60.57 billion, a PE ratio of 20.51, a PEG ratio of 1.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56. The stock has a fifty day moving average price of $210.41 and a 200 day moving average price of $210.24.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%. TE Connectivity’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio is presently 30.59%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TEL. Citigroup decreased their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. The Goldman Sachs Group raised their price target on shares of TE Connectivity from $284.00 to $288.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. HSBC reduced their price target on shares of TE Connectivity from $234.00 to $216.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price objective on shares of TE Connectivity from $260.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, July 16th. Finally, UBS Group boosted their price objective on shares of TE Connectivity from $241.00 to $253.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $258.07.

TE Connectivity Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.