Heritage Family Offices LLP Sells 7,182 Shares of TE Connectivity Ltd. $TEL

Heritage Family Offices LLP trimmed its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 46.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,316 shares of the electronics maker’s stock after selling 7,182 shares during the period. Heritage Family Offices LLP’s holdings in TE Connectivity were worth $1,826,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of TE Connectivity by 11.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,418 shares of the electronics maker’s stock valued at $7,078,000 after acquiring an additional 4,310 shares in the last quarter. Nordea Investment Management AB raised its position in 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 worth $269,723,000 after buying an additional 565,857 shares during the last quarter. Vanguard Group Inc. lifted its position in TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after purchasing an additional 410,910 shares during the period. Vise Technologies Inc. bought a new position in shares of TE Connectivity during the 2nd quarter valued at $917,000. Finally, AlphaCore Capital LLC bought a new stake in shares of TE Connectivity during the 2nd quarter valued at about $370,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Trading Down 1.9%

TE Connectivity stock opened at $222.60 on Thursday. The company has a market capitalization of $65.49 billion, a price-to-earnings ratio of 36.20, a price-to-earnings-growth ratio of 1.74 and a beta of 1.25. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The stock has a 50-day moving average price of $232.32 and a 200 day moving average price of $207.09. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping 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 business had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the company earned $1.95 EPS. The business’s 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 anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

Insider Activity

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total value of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TEL has been the subject of several analyst reports. TD Cowen increased their target price on shares of TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Cowen reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. JPMorgan Chase & Co. increased their price target on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, Citigroup increased their price target on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $244.77.

TE Connectivity 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.