WASHINGTON TRUST Co Acquires 4,098 Shares of TE Connectivity Ltd. $TEL

WASHINGTON TRUST Co boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 8.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 51,127 shares of the electronics maker’s stock after acquiring an additional 4,098 shares during the quarter. WASHINGTON TRUST Co’s holdings in TE Connectivity were worth $8,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TEL. Nordea Investment Management AB raised its position in shares of TE Connectivity by 54.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after acquiring an additional 565,857 shares during the last quarter. Foresight Group Ltd Liability Partnership bought a new position in shares of TE Connectivity during the 1st quarter worth approximately $31,983,000. Syntegra Private Wealth Group LLC bought a new stake in TE Connectivity in the 2nd quarter valued at $215,000. Ascent Group LLC bought a new stake in shares of TE Connectivity in the first quarter valued at approximately $364,000. Finally, KLP Kapitalforvaltning AS boosted its position in shares of TE Connectivity by 3.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 110,533 shares of the electronics maker’s stock worth $18,686,000 after acquiring an additional 3,700 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

TEL has been the subject of a number of research reports. Truist Financial raised their price objective on shares of TE Connectivity from $200.00 to $255.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Evercore ISI lifted their price objective on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Barclays increased their price target on shares of TE Connectivity from $249.00 to $277.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.58.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 25,021 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the sale, the executive vice president owned 20,903 shares in the company, valued at $5,178,300.19. This trade represents a 54.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 131,171 shares of company stock valued at $31,380,209. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Down 1.7%

Shares of NYSE:TEL traded down $4.08 on Thursday, reaching $242.24. The company had a trading volume of 208,253 shares, compared to its average volume of 1,809,209. The firm has a market capitalization of $71.58 billion, a PE ratio of 39.69, a PEG ratio of 2.24 and a beta of 1.27. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The firm’s 50 day simple moving average is $225.26 and its 200-day simple moving average is $194.20.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The business had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the firm posted $1.95 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given 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, November 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 46.18%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.