Envestnet Portfolio Solutions Inc. Sells 8,012 Shares of TE Connectivity Ltd. $TEL

Envestnet Portfolio Solutions Inc. lessened its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 20.3% in the second quarter, HoldingsChannel.com reports. The fund owned 31,461 shares of the electronics maker’s stock after selling 8,012 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in TE Connectivity were worth $5,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock valued at $5,353,401,000 after purchasing an additional 5,502,415 shares during the last quarter. Dodge & Cox lifted its stake in TE Connectivity by 0.4% in the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker’s stock valued at $2,264,297,000 after purchasing an additional 56,871 shares during the last quarter. Wellington Management Group LLP lifted its stake in TE Connectivity by 17.2% in the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock valued at $1,054,133,000 after purchasing an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock valued at $927,571,000 after purchasing an additional 960,276 shares during the last quarter. Finally, EdgePoint Investment Group Inc. lifted its stake in TE Connectivity by 5.8% in the 1st quarter. EdgePoint Investment Group Inc. now owns 4,108,472 shares of the electronics maker’s stock valued at $580,609,000 after purchasing an additional 224,422 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of TE Connectivity stock in a transaction on Monday, July 28th. The shares were sold at an average price of $209.33, for a total value of $9,597,780.50. Following the completion of the sale, the executive vice president directly owned 24,625 shares of the company’s stock, valued at approximately $5,154,751.25. The trade was a 65.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total transaction of $4,841,311.50. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,545 shares of company stock valued at $25,040,158. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Trading Up 0.6%

Shares of NYSE TEL opened at $220.74 on Wednesday. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $226.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.52. The firm has a 50 day moving average price of $211.10 and a two-hundred day moving average price of $178.31. The stock has a market cap of $65.22 billion, a P/E ratio of 45.70, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.19. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company posted $1.91 earnings per share. TE Connectivity’s revenue for the quarter was up 13.9% compared to the same quarter last year. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. As a group, equities analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. TE Connectivity’s dividend payout ratio is 58.80%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI increased their price objective on shares of TE Connectivity from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, UBS Group upped their price target on shares of TE Connectivity from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $219.92.

TE Connectivity 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.