Thrivent Financial for Lutherans Sells 9,100 Shares of TE Connectivity Ltd. $TEL

Thrivent Financial for Lutherans trimmed its holdings in TE Connectivity Ltd. (NYSE:TEL) by 24.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,881 shares of the electronics maker’s stock after selling 9,100 shares during the quarter. Thrivent Financial for Lutherans’ holdings in TE Connectivity were worth $4,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stance Capital LLC bought a new position in shares of TE Connectivity during the second quarter valued at approximately $1,349,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $1,250,000. Asset Dedication LLC increased its position in TE Connectivity by 26.9% during the 2nd quarter. Asset Dedication LLC now owns 623 shares of the electronics maker’s stock valued at $105,000 after buying an additional 132 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of TE Connectivity in the second quarter worth $137,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 1.9%

Shares of TEL stock opened at $230.18 on Friday. The stock has a market capitalization of $67.72 billion, a P/E ratio of 37.43, a P/E/G ratio of 1.77 and a beta of 1.25. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $232.70 and its 200 day moving average is $208.03. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the business posted $1.95 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. TE Connectivity’s dividend payout ratio is presently 46.18%.

Insider Activity at TE Connectivity

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

Analyst Upgrades and Downgrades

TEL has been the topic of a number of analyst reports. Robert W. Baird upped their price target on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. UBS Group upped their target price on shares of TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Truist Financial increased their price target on shares of TE Connectivity from $239.00 to $240.00 and gave the company a “hold” rating in a report on Friday. TD Cowen boosted their price objective 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. Finally, Evercore ISI increased their target price on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Two 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.85.

About TE Connectivity

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.