Bank of Nova Scotia Trust Co. Trims Stock Position in TE Connectivity Ltd. $TEL

Bank of Nova Scotia Trust Co. trimmed its stake in TE Connectivity Ltd. (NYSE:TEL) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,909 shares of the electronics maker’s stock after selling 450 shares during the period. Bank of Nova Scotia Trust Co.’s holdings in TE Connectivity were worth $10,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in TE Connectivity by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after acquiring an additional 410,910 shares in the last quarter. Dodge & Cox lifted its stake in shares of TE Connectivity by 0.4% in the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker’s stock valued at $2,264,297,000 after purchasing an additional 56,871 shares during the period. Wellington Management Group LLP boosted its position in shares of TE Connectivity by 17.2% during the first quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock valued at $1,054,133,000 after purchasing an additional 1,097,035 shares in the last quarter. Ameriprise Financial Inc. grew its stake in TE Connectivity by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock worth $927,571,000 after purchasing an additional 960,276 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in TE Connectivity by 21.8% in the second quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock worth $697,694,000 after purchasing an additional 739,453 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 1.1%

NYSE:TEL opened at $224.76 on Friday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The stock has a market cap of $66.12 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.24 and a beta of 1.27. The company’s 50 day moving average price is $228.78 and its 200-day moving average price is $199.87. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.15. The business had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities 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, December 12th. Investors of record on Friday, November 21st will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.

Insiders Place Their Bets

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 131,171 shares of company stock valued at $31,380,209. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TEL shares. Robert W. Baird boosted their target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Truist Financial decreased their target price on shares of TE Connectivity from $255.00 to $239.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Evercore ISI boosted their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company raised their price objective on TE Connectivity from $215.00 to $241.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $244.46.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.