CenterBook Partners LP Makes New Investment in TE Connectivity Ltd. $TEL

CenterBook Partners LP purchased a new position in TE Connectivity Ltd. (NYSE:TEL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,144 shares of the electronics maker’s stock, valued at approximately $471,000.

Several other large investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. lifted its holdings in TE Connectivity by 47.4% in the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 54 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of TE Connectivity in the 3rd quarter worth approximately $39,000. Neo Ivy Capital Management purchased a new position in shares of TE Connectivity in the second quarter worth approximately $30,000. Proffitt & Goodson Inc. grew its position in TE Connectivity by 330.2% during the third quarter. Proffitt & Goodson Inc. now owns 185 shares of the electronics maker’s stock valued at $41,000 after buying an additional 142 shares during the period. Finally, Caldwell Trust Co purchased a new stake in TE Connectivity during the second quarter valued at approximately $31,000. Institutional investors own 91.43% of the company’s stock.

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction that occurred 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 sale, the executive vice president owned 21,810 shares of the company’s stock, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. The transaction was disclosed in a legal filing 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 value of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,545 shares of company stock worth $5,436,928 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 0.9%

Shares of TEL opened at $234.56 on Friday. The firm has a market cap of $68.83 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a 50 day simple moving average of $229.79 and a two-hundred day simple moving average of $224.50.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share 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 net margin of 11.41% and a return on equity of 22.72%. TE Connectivity’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on TEL shares. The Goldman Sachs Group set a $306.00 price target on shares of TE Connectivity in a research note on Wednesday, January 21st. TD Cowen restated a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Evercore lifted their price objective on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. UBS Group boosted their price objective on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $251.93.

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.