Meyer Handelman Co. Sells 2,420 Shares of TE Connectivity Ltd. $TEL

Meyer Handelman Co. decreased its stake in TE Connectivity Ltd. (NYSE:TEL) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,950 shares of the electronics maker’s stock after selling 2,420 shares during the period. Meyer Handelman Co.’s holdings in TE Connectivity were worth $21,722,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new position in shares of TE Connectivity during the 2nd quarter worth about $26,000. Neo Ivy Capital Management acquired a new stake in TE Connectivity during the second quarter worth about $30,000. Salomon & Ludwin LLC increased 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 valued at $31,000 after acquiring an additional 66 shares during the period. Caldwell Trust Co bought a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of TE Connectivity during the 2nd quarter worth approximately $33,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Up 0.1%

Shares of TEL stock opened at $232.18 on Friday. The company has a market capitalization of $68.31 billion, a P/E ratio of 37.75, a P/E/G ratio of 1.78 and a beta of 1.25. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $233.74 and a 200 day moving average price of $210.11.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s payout ratio is presently 46.18%.

Insiders Place Their Bets

In related news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, 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 position. The sale 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 the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TEL has been the subject of a number of recent research reports. Barclays upped their target price on TE Connectivity from $277.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. The Goldman Sachs Group increased their price objective on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Wells Fargo & Company increased their price target on shares of TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 9th. Finally, Evercore ISI lifted their price objective on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.85.

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.