Wedge Capital Management L L P NC Has $73.35 Million Position in TE Connectivity Ltd. $TEL

Wedge Capital Management L L P NC lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 334,111 shares of the electronics maker’s stock after selling 27,661 shares during the quarter. TE Connectivity comprises approximately 1.2% of Wedge Capital Management L L P NC’s portfolio, making the stock its 5th largest holding. Wedge Capital Management L L P NC’s holdings in TE Connectivity were worth $73,347,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Flputnam Investment Management Co. raised its holdings in shares of TE Connectivity by 10.1% in the 3rd quarter. Flputnam Investment Management Co. now owns 33,965 shares of the electronics maker’s stock valued at $7,456,000 after acquiring an additional 3,128 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of TE Connectivity by 121.0% in the third quarter. Bartlett & CO. Wealth Management LLC now owns 1,187 shares of the electronics maker’s stock worth $261,000 after purchasing an additional 650 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in TE Connectivity in the third quarter valued at approximately $268,000. Voya Investment Management LLC lifted its position in TE Connectivity by 65.0% during the third quarter. Voya Investment Management LLC now owns 81,031 shares of the electronics maker’s stock valued at $17,789,000 after purchasing an additional 31,910 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in TE Connectivity in the 3rd quarter worth approximately $664,000. Institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.73, for a total value of $6,198,452.33. Following the transaction, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on TEL shares. The Goldman Sachs Group raised their price objective 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. Citigroup raised their price target on 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 report on Wednesday, October 8th. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Finally, TD Cowen boosted their target price on TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $244.85.

TE Connectivity Trading Up 1.9%

Shares of TEL stock opened at $230.18 on Friday. The business has a 50-day moving average of $232.70 and a 200 day moving average of $208.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 1.03. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The stock has a market capitalization of $67.72 billion, a PE ratio of 37.43, a P/E/G ratio of 1.77 and a beta of 1.25.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. The business 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio is presently 46.18%.

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.