Vanguard Group Inc. Sells 39,179 Shares of TE Connectivity Ltd. $TEL

Vanguard Group Inc. lowered its stake in TE Connectivity Ltd. (NYSE:TEL) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,253,141 shares of the electronics maker’s stock after selling 39,179 shares during the quarter. Vanguard Group Inc. owned about 12.95% of TE Connectivity worth $8,397,712,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new stake in shares of TE Connectivity in the 2nd quarter valued at approximately $26,000. SOA Wealth Advisors LLC. lifted its position in TE Connectivity by 47.4% in the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after buying an additional 54 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after buying an additional 66 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of TE Connectivity in the third quarter valued at $39,000. Finally, Neo Ivy Capital Management purchased a new stake in TE Connectivity in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Up 4.7%

TE Connectivity stock opened at $235.99 on Tuesday. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67. The firm has a market capitalization of $69.25 billion, a P/E ratio of 34.05, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $230.13 and its 200-day simple moving average is $223.75.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

Insider Transactions at TE Connectivity

In other news, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the sale, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TEL. JPMorgan Chase & Co. increased their price target on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Evercore upped their price target on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Truist Financial upped their target price on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus target price of $251.93.

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.