TE Connectivity Ltd. $TEL Shares Sold by Smithfield Trust Co

Smithfield Trust Co cut its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,349 shares of the electronics maker’s stock after selling 269 shares during the period. Smithfield Trust Co’s holdings in TE Connectivity were worth $1,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bailard Inc. boosted its position in TE Connectivity by 24.6% during the 2nd quarter. Bailard Inc. now owns 14,952 shares of the electronics maker’s stock worth $2,522,000 after purchasing an additional 2,950 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of TE Connectivity by 1.7% during the second quarter. PNC Financial Services Group Inc. now owns 113,464 shares of the electronics maker’s stock valued at $19,138,000 after acquiring an additional 1,891 shares in the last quarter. Wealth Alliance LLC acquired a new position in shares of TE Connectivity in the second quarter worth about $463,000. Forsta AP Fonden grew its stake in TE Connectivity by 23.7% during the 2nd quarter. Forsta AP Fonden now owns 133,800 shares of the electronics maker’s stock valued at $22,568,000 after purchasing an additional 25,600 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in shares of TE Connectivity by 23.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 262,151 shares of the electronics maker’s stock valued at $44,217,000 after purchasing an additional 49,520 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

TEL opened at $246.60 on Thursday. 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 business’s 50 day moving average is $225.26 and its 200-day moving average is $194.20. The stock has a market cap of $72.87 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67.

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

TE Connectivity Dividend Announcement

The business also recently declared 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 dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. TE Connectivity’s payout ratio is 46.18%.

Analyst Ratings Changes

TEL has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of TE Connectivity from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Robert W. Baird increased their target price on shares of TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. KGI Securities upgraded TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $241.58.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was 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 directly owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the 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 transaction, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $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 sold 131,171 shares of company stock valued at $31,380,209. Company insiders own 0.90% of the company’s stock.

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.