Oliver Luxxe Assets LLC Purchases 7,651 Shares of TE Connectivity Ltd. $TEL

Oliver Luxxe Assets LLC raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 26.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,458 shares of the electronics maker’s stock after acquiring an additional 7,651 shares during the quarter. TE Connectivity makes up about 1.3% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 18th biggest position. Oliver Luxxe Assets LLC’s holdings in TE Connectivity were worth $8,004,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Princeton Global Asset Management LLC purchased a new position in TE Connectivity in the 2nd quarter worth approximately $26,000. Neo Ivy Capital Management bought a new stake in shares of TE Connectivity during the second quarter valued at approximately $30,000. Salomon & Ludwin LLC lifted its holdings in shares of TE Connectivity by 58.9% in the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after buying an additional 66 shares in the last quarter. Caldwell Trust Co bought a new position in shares of TE Connectivity during the second quarter worth $31,000. Finally, Richardson Financial Services Inc. bought a new stake in TE Connectivity in the 2nd quarter valued at $33,000. Institutional investors own 91.43% of the company’s stock.

Insider Activity

In related news, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president owned 20,903 shares of the company’s stock, valued at $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $20,340,445.00. Following the completion of the sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TEL shares. Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $241.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 9th. The Goldman Sachs Group upped their target price on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Robert W. Baird increased their price target on shares of TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Zacks Research cut TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.85.

TE Connectivity Stock Up 1.6%

Shares of NYSE TEL opened at $231.57 on Friday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The firm has a 50-day simple moving average of $232.62 and a two-hundred day simple moving average of $215.00. The company has a market cap of $68.12 billion, a P/E ratio of 37.65, a PEG ratio of 1.78 and a beta of 1.24. 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 released 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 return on equity of 21.18% and a net margin of 10.67%.The firm had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently declared 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. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 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.