Cooke & Bieler LP Sells 866,288 Shares of TE Connectivity Ltd. $TEL

Cooke & Bieler LP trimmed its position in TE Connectivity Ltd. (NYSE:TEL) by 70.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 371,704 shares of the electronics maker’s stock after selling 866,288 shares during the period. Cooke & Bieler LP owned approximately 0.13% of TE Connectivity worth $81,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in TE Connectivity in the 4th quarter valued at approximately $820,000. Sivia Capital Partners LLC lifted its position in shares of TE Connectivity by 66.7% in the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after purchasing an additional 1,007 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of TE Connectivity by 15.0% in the second quarter. Farther Finance Advisors LLC now owns 2,349 shares of the electronics maker’s stock worth $396,000 after purchasing an additional 307 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in TE Connectivity during the second quarter worth $255,000. Finally, Signaturefd LLC grew its position in TE Connectivity by 5.7% in the second quarter. Signaturefd LLC now owns 7,720 shares of the electronics maker’s stock valued at $1,302,000 after purchasing an additional 413 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity 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 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 position. The SEC filing for this sale provides additional information. Insiders own 0.60% of the company’s stock.

TE Connectivity Stock Down 3.2%

Shares of TEL opened at $223.86 on Monday. The firm has a market cap of $65.71 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The firm’s 50-day simple moving average is $230.89 and its 200 day simple moving average is $219.83.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The business’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. On average, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.71 per share. 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 currently 40.98%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TEL shares. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. TD Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Citigroup increased their price target on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a research note on Wednesday. Finally, Robert W. Baird upped their price objective 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 investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $249.38.

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.