WASHINGTON TRUST Co Increases Stake in TE Connectivity Ltd. $TEL

WASHINGTON TRUST Co boosted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,803 shares of the electronics maker’s stock after buying an additional 4,676 shares during the quarter. WASHINGTON TRUST Co’s holdings in TE Connectivity were worth $12,250,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TEL. Caitlin John LLC acquired a new stake in shares of TE Connectivity in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new stake in TE Connectivity in the 3rd quarter valued at about $29,000. Neo Ivy Capital Management purchased a new position in shares of TE Connectivity in the 2nd quarter valued at about $30,000. Caldwell Trust Co purchased a new stake in shares of TE Connectivity during the second quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. lifted its stake in TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity

In other news, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. This trade represents a 22.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Reuben M. Shaffer sold 1,425 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.23, for a total value of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,545 shares of company stock valued at $5,436,928 over the last 90 days. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. Oppenheimer boosted their target price on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Barclays increased their price target on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.93.

TE Connectivity Price Performance

Shares of TEL opened at $229.68 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The firm has a 50-day simple moving average of $230.69 and a 200-day simple moving average of $225.86. The company has a market capitalization of $67.39 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. TE Connectivity’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis 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%.

TE Connectivity Company 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.