Envestnet Portfolio Solutions Inc. Reduces Stock Position in TE Connectivity Ltd. $TEL

Envestnet Portfolio Solutions Inc. decreased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 15.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,456 shares of the electronics maker’s stock after selling 5,005 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in TE Connectivity were worth $5,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TEL. Princeton Global Asset Management LLC purchased a new position in TE Connectivity in the 2nd quarter worth about $26,000. Neo Ivy Capital Management bought a new position in TE Connectivity in the 2nd quarter worth about $30,000. Salomon & Ludwin LLC increased its position in shares of TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares during the period. Caldwell Trust Co purchased a new position in shares of TE Connectivity during the second quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of TE Connectivity during the second quarter valued at approximately $33,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TEL. UBS Group increased their price objective on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Robert W. Baird increased their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Barclays upped their price objective on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group set a $306.00 target price on shares of TE Connectivity in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $249.38.

Insider Buying and Selling at TE Connectivity

In related news, CFO Heath A. Mitts sold 82,300 shares of the company’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 directly owned 45,503 shares of the company’s stock, valued at $11,246,066.45. This represents a 64.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

TE Connectivity Price Performance

TEL opened at $223.86 on Friday. The firm has a market capitalization of $65.71 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.03. The business’s 50-day moving average is $230.89 and its two-hundred day moving average is $219.50. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company’s revenue was up 21.7% compared to the same quarter last year. During the same period last year, the business earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is presently 40.98%.

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.