First Horizon Advisors Inc. Acquires 236 Shares of TE Connectivity Ltd. $TEL

First Horizon Advisors Inc. lifted its stake in TE Connectivity Ltd. (NYSE:TEL) by 7.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,556 shares of the electronics maker’s stock after acquiring an additional 236 shares during the period. First Horizon Advisors Inc.’s holdings in TE Connectivity were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in TE Connectivity by 17.0% in the first quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock worth $5,353,401,000 after buying an additional 5,502,415 shares in the last quarter. Dodge & Cox grew its stake in shares of TE Connectivity by 0.4% during the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker’s stock valued at $2,264,297,000 after acquiring an additional 56,871 shares during the period. Wellington Management Group LLP increased its holdings in TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock worth $1,054,133,000 after acquiring an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. raised its stake in TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock worth $927,571,000 after acquiring an additional 960,276 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in TE Connectivity by 21.8% during the second quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock valued at $697,694,000 after purchasing an additional 739,453 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In other news, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the sale, the chief financial officer directly owned 45,503 shares in the company, valued at $11,246,066.45. The trade was a 64.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 131,171 shares of company stock valued at $31,380,209 over the last 90 days. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Trading Down 2.7%

Shares of TE Connectivity stock opened at $242.40 on Friday. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $222.03 and a 200-day moving average price of $190.78. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.24 and a beta of 1.27.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. The company had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, November 21st. TE Connectivity’s payout ratio is currently 46.18%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TEL shares. Bank of America increased their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. KGI Securities upgraded TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their price objective on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Wells Fargo & Company upped their price objective on TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Finally, Truist Financial lifted their target price on TE Connectivity from $200.00 to $255.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.58.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.