TD Asset Management Inc Increases Stake in TE Connectivity Ltd. $TEL

TD Asset Management Inc raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,608 shares of the electronics maker’s stock after acquiring an additional 36,318 shares during the quarter. TD Asset Management Inc’s holdings in TE Connectivity were worth $69,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Neo Ivy Capital Management bought a new position in TE Connectivity in the 2nd quarter worth $30,000. Caldwell Trust Co bought a new position in shares of TE Connectivity in the second quarter worth about $31,000. Geneos Wealth Management Inc. lifted its position in shares of TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after buying an additional 127 shares in the last quarter. Avalon Trust Co grew its stake in shares of TE Connectivity by 146.7% during the 2nd quarter. Avalon Trust Co now owns 222 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 132 shares during the period. Finally, SOA Wealth Advisors LLC. grew its stake in shares of TE Connectivity by 47.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 54 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shadrak W. Kroeger sold 6,565 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $233.64, for a total value of $1,533,846.60. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at $6,069,032.64. This represents a 20.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,545 shares of company stock valued at $5,436,928 in the last quarter. 0.60% of the stock is currently owned by insiders.

TE Connectivity Stock Performance

TEL opened at $236.10 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The stock has a market capitalization of $69.28 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 1.85 and a beta of 1.24. The company has a fifty day moving average of $230.70 and a 200 day moving average of $225.36. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The business’s revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, sell-side analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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 issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 40.98%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TEL. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. TD Cowen restated a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Evercore upped their target price on shares of TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, Citigroup boosted 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $251.93.

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.