TE Connectivity Ltd. $TEL Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 17.0% in the 1st quarter, HoldingsChannel reports. The fund owned 3,656,607 shares of the electronics maker’s stock after selling 747,187 shares during the period. Bank of New York Mellon Corp’s holdings in TE Connectivity were worth $764,304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEL. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its stake in TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 127 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of TE Connectivity during the 4th quarter valued at $40,000. MV Capital Management Inc. bought a new stake in shares of TE Connectivity in the 4th quarter worth $41,000. Finally, JFS Wealth Advisors LLC raised its stake in shares of TE Connectivity by 54.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after buying an additional 65 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Trading Up 0.7%

Shares of NYSE TEL opened at $202.77 on Friday. TE Connectivity Ltd. has a 12 month low of $175.28 and a 12 month high of $252.56. The company has a market cap of $59.19 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 1.41 and a beta of 1.17. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $205.92 and a 200-day simple moving average of $216.05.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.TE Connectivity’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Sell-side analysts predict that TE Connectivity Ltd. will post 11.31 EPS for the current year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

Analyst Upgrades and Downgrades

TEL has been the subject of several research reports. Barclays raised their target price on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Citigroup dropped their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen lowered shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Wells Fargo & Company lifted their price objective on shares of TE Connectivity from $226.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.31.

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.