TE Connectivity Ltd. $TEL Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,325 shares of the electronics maker’s stock after selling 3,492 shares during the quarter. TE Connectivity makes up 2.6% of John G Ullman & Associates Inc.’s portfolio, making the stock its 6th largest holding. John G Ullman & Associates Inc.’s holdings in TE Connectivity were worth $19,925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TEL. Vanguard Group Inc. raised its stake in shares of TE Connectivity by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock valued at $8,741,226,000 after buying an additional 168,142 shares in the last quarter. State Street Corp boosted its position in shares of TE Connectivity by 0.6% during the 4th quarter. State Street Corp now owns 13,105,219 shares of the electronics maker’s stock valued at $2,981,572,000 after acquiring an additional 76,292 shares in the last quarter. Geode Capital Management LLC increased its stake in TE Connectivity by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock valued at $1,425,669,000 after acquiring an additional 161,967 shares during the period. Bank of America Corp DE raised its position in TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in TE Connectivity by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock worth $1,001,907,000 after purchasing an additional 144,353 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $203.22 on Friday. The stock has a market capitalization of $59.32 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.42 and a beta of 1.17. The firm’s 50-day moving average price is $205.86 and its two-hundred day moving average price is $215.96. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 1-year low of $177.21 and a 1-year high of $252.56.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. TE Connectivity’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities analysts predict that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s payout ratio is currently 31.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TEL shares. The Goldman Sachs Group set a $286.00 price objective on TE Connectivity in a report on Wednesday, April 22nd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a research report on Thursday, April 23rd. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Citigroup lowered their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $255.31.

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.