TE Connectivity Ltd. $TEL Stake Cut by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,248,204 shares of the electronics maker’s stock after selling 7,147 shares during the quarter. Geode Capital Management LLC owned approximately 2.11% of TE Connectivity worth $1,048,630,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in TE Connectivity during the fourth quarter valued at approximately $820,000. Cerity Partners LLC boosted its stake in shares of TE Connectivity by 3.6% during the 1st quarter. Cerity Partners LLC now owns 40,486 shares of the electronics maker’s stock valued at $5,721,000 after buying an additional 1,389 shares during the period. Stephens Inc. AR grew its holdings in shares of TE Connectivity by 3.3% during the 1st quarter. Stephens Inc. AR now owns 11,210 shares of the electronics maker’s stock valued at $1,584,000 after acquiring an additional 363 shares in the last quarter. CWM LLC increased its stake in shares of TE Connectivity by 9.0% in the first quarter. CWM LLC now owns 6,138 shares of the electronics maker’s stock worth $867,000 after acquiring an additional 507 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in shares of TE Connectivity by 7.7% during the first quarter. Wealthfront Advisers LLC now owns 32,031 shares of the electronics maker’s stock worth $4,527,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Citigroup raised their price objective on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price target on shares of TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $241.58.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 owned 25,976 shares in the company, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John S. Jenkins sold 25,021 shares of TE Connectivity 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 transaction, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. This represents a 54.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 131,171 shares of company stock worth $31,380,209 in the last 90 days. 0.90% of the stock is owned by company insiders.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $236.17 on Friday. 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 has a fifty day simple moving average of $225.81 and a 200-day simple moving average of $194.49. The stock has a market capitalization of $69.78 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.24 and a beta of 1.27. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67.

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

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. TE Connectivity’s 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.