Madison Asset Management LLC Sells 3,616 Shares of TE Connectivity Ltd. $TEL

Madison Asset Management LLC trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.3% during the 3rd quarter, Holdings Channel reports. The fund owned 154,023 shares of the electronics maker’s stock after selling 3,616 shares during the period. Madison Asset Management LLC’s holdings in TE Connectivity were worth $33,813,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TEL. Princeton Global Asset Management LLC purchased a new position in TE Connectivity during the second quarter valued at approximately $26,000. Neo Ivy Capital Management purchased a new stake in TE Connectivity during the second quarter worth $30,000. Salomon & Ludwin LLC boosted its position in TE Connectivity by 58.9% during the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 66 shares in the last quarter. Caldwell Trust Co purchased a new position in shares of TE Connectivity in the 2nd quarter valued at $31,000. Finally, Geneos Wealth Management Inc. raised its position in shares of TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TEL. Oppenheimer raised TE Connectivity from a “market perform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a research report on Tuesday, January 27th. Evercore increased their price target on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. TD Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Wells Fargo & Company raised their target price on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research note 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 given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.86.

Insiders Place Their Bets

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction dated 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 transaction, the executive vice president owned 21,810 shares in the company, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $225.83 on Wednesday. The company has a 50 day moving average price of $230.26 and a 200 day moving average price of $223.07. The firm has a market capitalization of $66.27 billion, a P/E ratio of 32.59, a PEG ratio of 1.72 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 issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. TE Connectivity’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Sell-side analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a dividend of $0.71 per share. 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 1.3%. TE Connectivity’s payout ratio is currently 40.98%.

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.