Advisors Asset Management Inc. Lowers Stake in TE Connectivity Ltd. $TEL

Advisors Asset Management Inc. lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 13.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,293 shares of the electronics maker’s stock after selling 2,307 shares during the quarter. Advisors Asset Management Inc.’s holdings in TE Connectivity were worth $3,357,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TEL. Norges Bank purchased a new stake in shares of TE Connectivity in the 2nd quarter worth approximately $609,158,000. Bank of America Corp DE increased 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 valued at $1,058,390,000 after acquiring an additional 1,352,152 shares in the last quarter. Dodge & Cox raised 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 purchasing an additional 1,017,323 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in 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 worth $697,694,000 after purchasing an additional 739,453 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in TE Connectivity by 40,481.3% in the 2nd quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock worth $114,788,000 after purchasing an additional 678,871 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Evercore increased their price target 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. UBS Group increased their target price on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Barclays boosted their price target on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Oppenheimer increased their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Citigroup boosted their target price on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Stock Up 4.7%

TEL stock opened at $235.99 on Friday. The company has a market cap of $69.25 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 1.80 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. The business’s 50-day moving average is $230.09 and its two-hundred day moving average is $223.42. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating the consensus estimate 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 net margin of 11.41% and a return on equity of 22.72%. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share 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 paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, February 20th. TE Connectivity’s dividend payout ratio is 40.98%.

Insider Activity at TE Connectivity

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

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.