Capital Group Private Client Services Inc. Decreases Holdings in TE Connectivity Ltd. $TEL

Capital Group Private Client Services Inc. decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 34.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,958 shares of the electronics maker’s stock after selling 7,705 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in TE Connectivity were worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC bought a new stake in TE Connectivity in the fourth quarter worth $820,000. Sivia Capital Partners LLC grew its stake in shares of TE Connectivity by 66.7% during 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 during the last quarter. Prospera Financial Services Inc increased its holdings in shares of TE Connectivity by 2.4% in the second quarter. Prospera Financial Services Inc now owns 2,848 shares of the electronics maker’s stock worth $481,000 after buying an additional 68 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of TE Connectivity in the 2nd quarter valued at about $758,000. Finally, Zions Bancorporation National Association UT lifted its stake in shares of TE Connectivity by 18.9% in the 2nd quarter. Zions Bancorporation National Association UT now owns 729 shares of the electronics maker’s stock valued at $123,000 after acquiring an additional 116 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TEL has been the topic of several recent research reports. Barclays raised their price target on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. UBS Group raised their target price on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Truist Financial lifted their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. One investment 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 company. According to MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and an average target price of $251.93.

TE Connectivity Price Performance

Shares of TEL stock opened at $203.31 on Wednesday. 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 fifty-two week low of $116.30 and a fifty-two week high of $250.67. The firm has a market cap of $59.66 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.57 and a beta of 1.23. The business’s 50 day moving average price is $227.25 and its 200-day moving average price is $226.07.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 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 company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. The firm’s revenue for the quarter 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 anticipate 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 $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.4%. TE Connectivity’s dividend payout ratio is 40.98%.

Insider Transactions at TE Connectivity

In other news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the transaction, the insider owned 25,976 shares in the company, valued at $5,780,179.52. This represents a 26.57% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 32,945 shares of company stock valued at $7,528,616. Company insiders own 0.60% of the company’s stock.

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.