Burling Wealth Partners LLC Sells 2,362 Shares of TE Connectivity Ltd. $TEL

Burling Wealth Partners LLC lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 37.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,905 shares of the electronics maker’s stock after selling 2,362 shares during the period. Burling Wealth Partners LLC’s holdings in TE Connectivity were worth $659,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in TE Connectivity by 54.4% in the 2nd quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock worth $269,723,000 after purchasing an additional 565,857 shares during the period. Foresight Group Ltd Liability Partnership purchased a new stake in TE Connectivity in the first quarter worth about $31,983,000. Syntegra Private Wealth Group LLC bought a new position in shares of TE Connectivity in the second quarter worth about $215,000. Ascent Group LLC purchased a new position in shares of TE Connectivity during the 1st quarter valued at about $364,000. Finally, KLP Kapitalforvaltning AS grew its stake 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 valued at $18,686,000 after acquiring an additional 3,700 shares during the period. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TEL shares. UBS Group raised their target price on shares of TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. The Goldman Sachs Group lifted their target price on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Evercore ISI raised their price target on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, KGI Securities raised TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.58.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the business’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 sale, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer directly owned 45,503 shares in the company, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 131,171 shares of company stock valued at $31,380,209. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Stock Down 4.1%

Shares of TEL stock opened at $236.17 on Friday. The company’s fifty day simple moving average is $225.81 and its two-hundred day simple moving average is $194.49. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The stock has a market cap of $69.78 billion, a P/E ratio of 38.40, a PEG ratio of 2.24 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38.

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

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio is currently 46.18%.

About TE Connectivity

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.