2,760 Shares in TE Connectivity Ltd. $TEL Bought by USA Financial Formulas

USA Financial Formulas acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,760 shares of the electronics maker’s stock, valued at approximately $606,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Point Inc. bought a new position in TE Connectivity during the 3rd quarter valued at about $204,000. Flputnam Investment Management Co. boosted its position in shares of TE Connectivity by 10.1% during the third quarter. Flputnam Investment Management Co. now owns 33,965 shares of the electronics maker’s stock valued at $7,456,000 after buying an additional 3,128 shares during the period. Bartlett & CO. Wealth Management LLC grew its stake in shares of TE Connectivity by 121.0% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,187 shares of the electronics maker’s stock valued at $261,000 after buying an additional 650 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of TE Connectivity in the third quarter worth approximately $268,000. Finally, Voya Investment Management LLC lifted its stake in shares of TE Connectivity by 65.0% during the 3rd quarter. Voya Investment Management LLC now owns 81,031 shares of the electronics maker’s stock worth $17,789,000 after acquiring an additional 31,910 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the completion of the sale, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the transaction, the executive vice president owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup upped their price objective on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Truist Financial boosted their target price on shares of TE Connectivity from $239.00 to $240.00 and gave the company a “hold” rating in a research note on Friday. Barclays raised their price target on shares of TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, TD Cowen upped their target price on shares of TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $244.85.

TE Connectivity Stock Performance

TEL stock opened at $230.18 on Friday. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The business has a 50-day moving average price of $232.70 and a 200 day moving average price of $208.03. The company has a market capitalization of $67.72 billion, a P/E ratio of 37.43, a PEG ratio of 1.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the firm posted $1.95 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be paid 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 payout ratio is 46.18%.

About TE Connectivity

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.