London Co. of Virginia Sells 48,012 Shares of TE Connectivity Ltd. $TEL

London Co. of Virginia lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,597,254 shares of the electronics maker’s stock after selling 48,012 shares during the period. TE Connectivity accounts for 2.1% of London Co. of Virginia’s portfolio, making the stock its 9th largest holding. London Co. of Virginia’s holdings in TE Connectivity were worth $363,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEL. Norges Bank acquired a new position in TE Connectivity during the fourth quarter valued at approximately $938,706,000. Arrowstreet Capital Limited Partnership grew its holdings in TE Connectivity by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock valued at $706,457,000 after purchasing an additional 1,721,235 shares during the last quarter. Bank of America Corp DE grew its holdings in TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in TE Connectivity by 183.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock valued at $348,184,000 after purchasing an additional 990,703 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in TE Connectivity by 243.2% during the third quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock valued at $298,383,000 after purchasing an additional 963,123 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of NYSE:TEL opened at $217.19 on Wednesday. The business has a fifty day moving average of $214.80 and a 200-day moving average of $220.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The firm has a market cap of $63.40 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. TE Connectivity Ltd. has a twelve month low of $162.17 and a twelve month high of $252.56.

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

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors 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 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity’s payout ratio is presently 31.87%.

TE Connectivity declared that its board has authorized a share repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

TEL has been the topic of several analyst reports. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group reduced their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $256.79.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 28,200 shares of company stock worth $6,140,644. 0.60% of the stock is currently owned by insiders.

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.