Pzena Investment Management LLC Cuts Stake in TE Connectivity Ltd. $TEL

Pzena Investment Management LLC lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 21.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,889,576 shares of the electronics maker’s stock after selling 528,977 shares during the period. TE Connectivity makes up approximately 1.4% of Pzena Investment Management LLC’s portfolio, making the stock its 24th largest position. Pzena Investment Management LLC owned 0.64% of TE Connectivity worth $414,819,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in TE Connectivity during the 4th quarter worth $820,000. Sivia Capital Partners LLC boosted its stake in shares of TE Connectivity by 66.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after buying an additional 1,007 shares during the period. Harbour Investments Inc. grew its position in shares of TE Connectivity by 18.7% during the second quarter. Harbour Investments Inc. now owns 844 shares of the electronics maker’s stock worth $142,000 after buying an additional 133 shares in the last quarter. Private Trust Co. NA increased its stake in shares of TE Connectivity by 21.9% during the second quarter. Private Trust Co. NA now owns 1,376 shares of the electronics maker’s stock worth $232,000 after buying an additional 247 shares during the period. Finally, Chicago Partners Investment Group LLC acquired a new stake in TE Connectivity in the second quarter valued at approximately $302,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

TEL has been the subject of several analyst reports. TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Wells Fargo & Company boosted their target price on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Oppenheimer raised their price target on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Barclays upped their price objective on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Finally, The Goldman Sachs Group set a $306.00 target price on TE Connectivity in a research note on Wednesday, January 21st. One 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 company. According to MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.93.

Insider Buying and Selling

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the sale, the executive vice president directly owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This represents a 22.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $233.82, for a total value of $2,197,908.00. Following the sale, the insider directly owned 32,541 shares of the company’s stock, valued at approximately $7,608,736.62. This represents a 22.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,545 shares of company stock valued at $5,436,928 over the last quarter. 0.60% of the stock is currently owned by insiders.

TE Connectivity Stock Down 0.1%

Shares of NYSE TEL opened at $235.75 on Thursday. The business has a 50-day moving average price of $229.96 and a 200 day moving average price of $224.07. The stock has a market cap of $69.18 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67.

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

TE Connectivity Announces Dividend

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

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.