TE Connectivity Ltd. $TEL Holdings Trimmed by Pzena Investment Management LLC

Pzena Investment Management LLC lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 2.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,418,553 shares of the electronics maker’s stock after selling 50,033 shares during the period. TE Connectivity accounts for 1.3% of Pzena Investment Management LLC’s investment portfolio, making the stock its 26th largest position. Pzena Investment Management LLC’s holdings in TE Connectivity were worth $407,937,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Martingale Asset Management L P increased its holdings in TE Connectivity by 3.6% in the first quarter. Martingale Asset Management L P now owns 1,807 shares of the electronics maker’s stock valued at $255,000 after purchasing an additional 63 shares during the last quarter. Nelson Capital Management LLC grew its stake in TE Connectivity by 0.4% in the second quarter. Nelson Capital Management LLC now owns 15,464 shares of the electronics maker’s stock valued at $2,608,000 after acquiring an additional 63 shares during the period. Ballentine Partners LLC boosted its position in shares of TE Connectivity by 1.4% during the first quarter. Ballentine Partners LLC now owns 4,975 shares of the electronics maker’s stock worth $703,000 after buying an additional 68 shares during the period. Hickory Point Bank & Trust boosted its position in shares of TE Connectivity by 2.6% during the second quarter. Hickory Point Bank & Trust now owns 2,938 shares of the electronics maker’s stock worth $496,000 after buying an additional 75 shares during the period. Finally, AllSquare Wealth Management LLC boosted its position in shares of TE Connectivity by 7.0% during the first quarter. AllSquare Wealth Management LLC now owns 1,274 shares of the electronics maker’s stock worth $180,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Malavika Sagar sold 1,945 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president owned 4,716 shares in the company, valued at $977,155.20. The trade was a 29.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Aaron Kyle Stucki sold 52,900 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $192.78, for a total value of $10,198,062.00. Following the sale, the insider owned 23,667 shares in the company, valued at $4,562,524.26. This represents a 69.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,545 shares of company stock worth $25,040,158. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial increased their price target on TE Connectivity from $156.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 24th. Citigroup upped their price objective on TE Connectivity from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. KGI Securities upgraded TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Wells Fargo & Company upped their price objective on TE Connectivity from $198.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $219.92.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $214.55 on Monday. The firm has a market cap of $63.40 billion, a P/E ratio of 44.42, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $226.40. The business’s 50 day moving average is $210.41 and its 200-day moving average is $177.47.

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

TE Connectivity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a $0.71 dividend. 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 (DPR) is presently 58.80%.

TE Connectivity Company 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.