Legal & General Group Plc Decreases Position in TE Connectivity Ltd. $TEL

Legal & General Group Plc lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,493,915 shares of the electronics maker’s stock after selling 2,823 shares during the quarter. Legal & General Group Plc owned 0.84% of TE Connectivity worth $420,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nordea Investment Management AB raised its stake in TE Connectivity by 54.4% in the second quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock valued at $269,723,000 after buying an additional 565,857 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of TE Connectivity by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after acquiring an additional 410,910 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of TE Connectivity during the 2nd quarter worth about $917,000. Foresight Group Ltd Liability Partnership purchased a new stake in TE Connectivity during the first quarter worth approximately $31,983,000. Finally, Syntegra Private Wealth Group LLC purchased a new stake in TE Connectivity during the second quarter worth approximately $215,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TEL shares. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Wells Fargo & Company raised their price objective on TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Barclays lifted their target price on TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday. Cowen restated a “buy” rating on shares of TE Connectivity in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $244.46.

TE Connectivity Stock Performance

Shares of TEL opened at $218.74 on Friday. 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 $64.35 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 1.56. The company’s fifty day moving average is $228.04 and its two-hundred day moving average is $197.87.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.15. The firm had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

Insiders Place Their Bets

In other news, EVP John S. Jenkins sold 25,021 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the transaction, the executive vice president directly owned 20,903 shares of the company’s stock, valued at $5,178,300.19. This represents a 54.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shadrak W. Kroeger sold 23,850 shares of the stock in a transaction dated 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 transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,272,868.24. This represents a 47.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 131,171 shares of company stock worth $31,380,209. Corporate insiders own 0.90% of the company’s stock.

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.