Boston Family Office LLC Trims Holdings in TE Connectivity Ltd. $TEL

Boston Family Office LLC lessened its stake in TE Connectivity Ltd. (NYSE:TEL) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 39,058 shares of the electronics maker’s stock after selling 340 shares during the period. Boston Family Office LLC’s holdings in TE Connectivity were worth $6,584,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TEL. Mirae Asset Global Investments Co. Ltd. lifted its stake in TE Connectivity by 11.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock worth $7,078,000 after acquiring an additional 4,310 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of TE Connectivity by 54.4% in the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after purchasing an additional 565,857 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of TE Connectivity by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock worth $6,458,766,000 after purchasing an additional 410,910 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of TE Connectivity during the second quarter worth $917,000. Finally, Foresight Group Ltd Liability Partnership purchased a new position in TE Connectivity in the first quarter valued at $31,983,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Up 0.5%

Shares of NYSE:TEL opened at $225.90 on Monday. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96. The stock has a market cap of $66.46 billion, a P/E ratio of 36.73, a P/E/G ratio of 2.24 and a beta of 1.27. The firm has a fifty day moving average price of $228.98 and a 200 day moving average price of $200.86.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data 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 net margin of 10.67% and a return on equity of 21.18%. The company had revenue of $4.75 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the business posted $1.95 earnings per share. TE Connectivity’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. Sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity’s dividend payout ratio is presently 46.18%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TEL shares. UBS Group upped their price objective on TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Truist Financial decreased their target price on TE Connectivity from $255.00 to $239.00 and set a “hold” rating for the company in a research note on Friday, November 21st. Cowen reiterated a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. JPMorgan Chase & Co. boosted their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, The Goldman Sachs Group increased 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $244.46.

Insider Transactions at TE Connectivity

In other news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the sale, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 131,171 shares of company stock worth $31,380,209. Company insiders own 0.90% of the company’s stock.

About TE Connectivity

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.