TE Connectivity Ltd. $TEL Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 60.3% during the second quarter, Holdings Channel reports. The fund owned 16,486 shares of the electronics maker’s stock after selling 25,018 shares during the quarter. WINTON GROUP Ltd’s holdings in TE Connectivity were worth $3,324,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TEL. California State Teachers Retirement System lifted its holdings in TE Connectivity by 19,772.4% in the 2nd quarter. California State Teachers Retirement System now owns 92,477,499 shares of the electronics maker’s stock valued at $18,644,389,000 after purchasing an additional 92,012,142 shares in the last quarter. Norges Bank acquired a new position in shares of TE Connectivity in the fourth quarter valued at approximately $938,706,000. Wellington Management Group LLP lifted its stake in shares of TE Connectivity by 48.2% during the second quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after buying an additional 2,507,569 shares during the period. J. Stern & Co. LLP purchased a new stake in TE Connectivity in the 4th quarter worth approximately $445,402,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in TE Connectivity by 124.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock valued at $706,457,000 after acquiring an additional 1,721,235 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Trading Up 3.7%

Shares of TEL opened at $212.18 on Friday. 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 market cap of $61.43 billion, a PE ratio of 20.80, a P/E/G ratio of 1.37 and a beta of 1.16. The stock’s 50-day moving average is $206.37 and its two-hundred day moving average is $209.86.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping 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 analyst estimates of $5.01 billion. During the same period in the previous year, the company posted $2.27 EPS. TE Connectivity’s revenue for the quarter was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities analysts forecast that TE Connectivity Ltd. will post 11.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TEL shares. Wells Fargo & Company raised their price objective on TE Connectivity from $209.00 to $220.00 and gave the stock a “cautious” rating in a report on Friday. UBS Group reissued a “buy” rating and issued a $241.00 price target on shares of TE Connectivity in a research note on Thursday, July 23rd. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of TE Connectivity in a report on Friday, July 24th. Finally, Barclays boosted their target price on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.00.

TE Connectivity Profile

TE Connectivity Ltd. (NYSE: TEL) designs and manufactures connectivity and sensor products used in transportation, industrial equipment, communications systems, data centers, aerospace and defense, medical technology, energy infrastructure, and consumer applications. Its products help transmit power, data and signals between components and systems.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, cable assemblies, circuit-protection devices, heat-shrink products and other components for electronic and electrical systems.