First Citizens Bank & Trust Co. Cuts Stake in TE Connectivity Ltd. $TEL

First Citizens Bank & Trust Co. reduced its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 15.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,397 shares of the electronics maker’s stock after selling 4,327 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in TE Connectivity were worth $5,136,000 at the end of the most recent quarter.

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

TE Connectivity Stock Down 3.2%

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

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the business posted $1.95 EPS. TE Connectivity’s revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business 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 dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s payout ratio is presently 40.98%.

Analyst Upgrades and Downgrades

TEL has been the subject of several research analyst reports. TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. The Goldman Sachs Group set a $306.00 target price on shares of TE Connectivity in a research report on Wednesday. Finally, Robert W. Baird raised their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $249.38.

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 25,021 shares of the stock in a transaction that occurred 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 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

TE Connectivity Company Profile

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.