TE Connectivity Ltd. $TEL Stock Holdings Cut by Citigroup Inc.

Citigroup Inc. lessened its position in TE Connectivity Ltd. (NYSE:TEL) by 18.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 305,033 shares of the electronics maker’s stock after selling 67,753 shares during the period. Citigroup Inc. owned approximately 0.10% of TE Connectivity worth $66,964,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TEL. Norges Bank bought a new stake in TE Connectivity in the second quarter worth about $609,158,000. Bank of America Corp DE grew its stake in shares of TE Connectivity by 27.5% in the 2nd 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 last quarter. Dodge & Cox raised its holdings 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 in the last quarter. Bank of New York Mellon Corp lifted its stake in TE Connectivity by 21.8% during the second 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 purchasing an additional 739,453 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its position in TE Connectivity by 40,481.3% in the second quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock worth $114,788,000 after buying an additional 678,871 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. 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, February 13th. Citigroup boosted their price target on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Truist Financial increased their price objective on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. UBS Group lifted their target price on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company increased their price objective on TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.93.

TE Connectivity Stock Down 1.5%

Shares of TEL opened at $231.14 on Tuesday. The company has a 50-day simple moving average of $229.80 and a 200-day simple moving average of $224.89. 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 has a market capitalization of $67.82 billion, a P/E ratio of 33.35, a P/E/G ratio of 1.79 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the business posted $1.95 earnings per share. TE Connectivity’s quarterly 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, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 6,565 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $233.64, for a total transaction of $1,533,846.60. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at approximately $6,069,032.64. This trade represents a 20.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, 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 SEC filing for this sale provides additional information. Insiders have sold 23,545 shares of company stock worth $5,436,928 over the last three months. Company insiders own 0.60% of the company’s stock.

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.