Oliver Luxxe Assets LLC Acquires 7,651 Shares of TE Connectivity Ltd. $TEL

Oliver Luxxe Assets LLC grew its stake in TE Connectivity Ltd. (NYSE:TEL) by 26.6% during the third quarter, HoldingsChannel reports. The fund owned 36,458 shares of the electronics maker’s stock after acquiring an additional 7,651 shares during the quarter. TE Connectivity comprises about 1.3% of Oliver Luxxe Assets LLC’s holdings, making the stock its 18th largest position. Oliver Luxxe Assets LLC’s holdings in TE Connectivity were worth $8,004,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Princeton Global Asset Management LLC purchased a new position in TE Connectivity in the second quarter valued at about $26,000. Neo Ivy Capital Management bought a new stake in shares of TE Connectivity in the 2nd quarter valued at about $30,000. Salomon & Ludwin LLC lifted its position in TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 66 shares during the last quarter. Caldwell Trust Co acquired a new stake in TE Connectivity in the second quarter valued at approximately $31,000. Finally, Richardson Financial Services Inc. acquired a new stake in TE Connectivity in the second quarter valued at approximately $33,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TEL has been the subject of several analyst reports. TD Cowen increased their price objective on TE Connectivity from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, November 17th. Citigroup increased their price target on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Evercore ISI boosted their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. The Goldman Sachs Group upped their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $244.85.

Insider Buying and Selling

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction on 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 completion of the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Up 1.6%

NYSE:TEL opened at $231.57 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. The company’s fifty day moving average price is $232.62 and its 200-day moving average price is $215.00. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The firm has a market capitalization of $68.12 billion, a P/E ratio of 37.65, a PEG ratio of 1.78 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.15. The company had revenue of $4.75 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th 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, February 20th. TE Connectivity’s dividend payout ratio is currently 46.18%.

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.