Kovitz Investment Group Partners LLC Has $20.36 Million Holdings in TE Connectivity Ltd. $TEL

Kovitz Investment Group Partners LLC decreased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 24.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 89,471 shares of the electronics maker’s stock after selling 28,904 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in TE Connectivity were worth $20,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in TE Connectivity during the fourth quarter worth $25,000. Caitlin John LLC bought a new position in TE Connectivity during the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity during the 3rd quarter valued at $29,000. Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity during the 4th quarter worth $40,000. Finally, JFS Wealth Advisors LLC grew its stake in shares of TE Connectivity by 54.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 65 shares in the last quarter. 91.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TEL has been the subject of several analyst reports. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a report on Thursday, April 23rd. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, UBS Group reduced their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $256.79.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $218.03 on Friday. The company’s 50-day moving average is $214.98 and its 200 day moving average is $220.38. 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 company has a market capitalization of $63.64 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16. TE Connectivity Ltd. has a fifty-two week low of $162.17 and a fifty-two week high of $252.56.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data 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. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

TE Connectivity announced that its Board of Directors has initiated a stock 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 purchase up to 5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on 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 sale, the insider 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 document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,200 shares of company stock worth $6,140,644. Company insiders own 0.60% of the company’s stock.

TE Connectivity Company 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.