NewEdge Wealth LLC Reduces Position in TE Connectivity Ltd. $TEL

NewEdge Wealth LLC decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 13.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,268 shares of the electronics maker’s stock after selling 5,447 shares during the quarter. NewEdge Wealth LLC’s holdings in TE Connectivity were worth $7,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth $25,000. Geneos Wealth Management Inc. increased its stake in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after buying an additional 127 shares during the period. Commonwealth Retirement Investments LLC bought a new stake in TE Connectivity during the 4th quarter valued at about $40,000. MV Capital Management Inc. purchased a new stake in TE Connectivity in the 4th quarter valued at about $41,000. Finally, JFS Wealth Advisors LLC boosted its position in TE Connectivity by 54.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after buying an additional 65 shares during the period. 91.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TEL. Truist Financial reduced their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Barclays raised their price objective on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Evercore reaffirmed an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. Finally, Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus target price of $251.15.

View Our Latest Stock Analysis on TEL

TE Connectivity News Summary

Here are the key news stories impacting TE Connectivity this week:

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL opened at $198.87 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.88. The company has a 50 day moving average price of $205.41 and a 200-day moving average price of $215.09. TE Connectivity Ltd. has a fifty-two week low of $190.27 and a fifty-two week high of $252.56. The stock has a market capitalization of $58.05 billion, a PE ratio of 19.50, a PEG ratio of 1.40 and a beta of 1.17.

TE Connectivity (NYSE:TELGet Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. TE Connectivity’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Equities analysts predict that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TE Connectivity’s dividend payout ratio (DPR) is currently 30.59%.

TE Connectivity Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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