Carnegie Investment Counsel Lowers Stake in TE Connectivity Ltd. $TEL

Carnegie Investment Counsel cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,617 shares of the electronics maker’s stock after selling 3,313 shares during the period. Carnegie Investment Counsel’s holdings in TE Connectivity were worth $25,162,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of TE Connectivity in the 4th quarter worth about $820,000. Compound Planning Inc. purchased a new stake in TE Connectivity in the first quarter worth approximately $245,000. Northwestern Mutual Wealth Management Co. grew its position in TE Connectivity by 11.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 9,733 shares of the electronics maker’s stock valued at $1,375,000 after acquiring an additional 1,036 shares during the last quarter. Ieq Capital LLC raised its stake in shares of TE Connectivity by 101.6% during the first quarter. Ieq Capital LLC now owns 13,304 shares of the electronics maker’s stock worth $1,880,000 after acquiring an additional 6,705 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of TE Connectivity in the 1st quarter worth approximately $3,757,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

TEL has been the topic of several recent research reports. Evercore ISI increased their target price on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Citigroup raised their price objective on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Truist Financial increased their target price on TE Connectivity from $239.00 to $240.00 and gave the company a “hold” rating in a report on Friday, December 19th. Finally, The Goldman Sachs Group lifted their price target on TE Connectivity from $228.00 to $263.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Two investment 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $244.85.

Insider Buying and Selling at TE Connectivity

In other news, EVP John S. Jenkins sold 25,021 shares of TE Connectivity stock in a transaction dated 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 sale, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 shares were 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 $11,246,066.45. This represents a 64.40% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Up 0.1%

NYSE TEL opened at $232.18 on Friday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The stock has a market capitalization of $68.31 billion, a PE ratio of 37.75, a PEG ratio of 1.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. The business’s 50-day moving average is $233.74 and its 200 day moving average is $210.11.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The business had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the business posted $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 forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

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.