195,000 Shares in TE Connectivity Ltd. $TEL Bought by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. purchased a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 195,000 shares of the electronics maker’s stock, valued at approximately $42,808,000. Bowen Hanes & Co. Inc. owned 0.07% of TE Connectivity as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of TE Connectivity in the 4th quarter valued at about $820,000. Sivia Capital Partners LLC increased 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 valued at $425,000 after buying an additional 1,007 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of TE Connectivity during the 2nd quarter worth approximately $302,000. Cullen Frost Bankers Inc. lifted its position in shares of TE Connectivity by 12.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 780 shares of the electronics maker’s stock valued at $132,000 after buying an additional 88 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in TE Connectivity by 4.4% in the 2nd quarter. D.A. Davidson & CO. now owns 21,690 shares of the electronics maker’s stock valued at $3,658,000 after acquiring an additional 922 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 23,545 shares of company stock valued at $5,436,928. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on TEL. JPMorgan Chase & Co. increased their price objective on shares of TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Citigroup upped their price target on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Truist Financial lifted their price objective on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Wells Fargo & Company boosted their price objective on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Finally, UBS Group raised their target price on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four 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 a consensus price target of $251.93.

TE Connectivity Stock Up 0.9%

TEL stock opened at $234.56 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $229.79 and a two-hundred day moving average of $224.50. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company has a market cap of $68.83 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.79 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating 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 business 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 earned $1.95 earnings per share. The business’s revenue was up 21.7% compared to the same quarter last year. 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 fiscal year.

TE Connectivity Announces Dividend

The business also recently declared 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. 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 payout ratio is currently 40.98%.

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.