Alps Advisors Inc. Decreases Position in TE Connectivity Ltd. $TEL

Alps Advisors Inc. lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 79.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,035 shares of the electronics maker’s stock after selling 23,711 shares during the period. Alps Advisors Inc.’s holdings in TE Connectivity were worth $1,325,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of TE Connectivity in the 2nd quarter worth about $609,158,000. Bank of America Corp DE raised its holdings in shares of TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the period. Dodge & Cox lifted its position in shares of TE Connectivity by 6.3% in the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after buying an additional 1,017,323 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of TE Connectivity by 21.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock valued at $697,694,000 after buying an additional 739,453 shares during the period. Finally, Bahl & Gaynor Inc. grew its position in shares of TE Connectivity by 40,481.3% during the 2nd quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock valued at $114,788,000 after buying an additional 678,871 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the sale, the executive vice president owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TEL shares. Truist Financial upped their target price on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Evercore raised their price target on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $250.86.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $228.56 on Thursday. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The stock has a market cap of $67.07 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The business has a fifty day simple moving average of $230.21 and a 200-day simple moving average of $223.11.

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

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. TE Connectivity’s dividend payout ratio is currently 40.98%.

TE Connectivity 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.