Covalis Capital LLP Buys New Holdings in TE Connectivity Ltd. $TEL

Covalis Capital LLP purchased a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,928 shares of the electronics maker’s stock, valued at approximately $10,108,000. TE Connectivity comprises 1.2% of Covalis Capital LLP’s holdings, making the stock its 24th biggest holding.

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

Insider Buying and Selling

In other news, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares in the company, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shadrak W. Kroeger sold 23,850 shares of the business’s stock in a transaction 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 directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 131,171 shares of company stock worth $31,380,209 in the last ninety days. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup boosted their price target on TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Cowen restated a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Barclays lifted their price objective on shares of TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company increased their price target on TE Connectivity from $215.00 to $241.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $244.46.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $218.74 on Friday. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96. The company has a market cap of $64.35 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.24 and a beta of 1.27. The firm has a 50 day simple moving average of $228.04 and a 200 day simple moving average of $198.21.

TE Connectivity (NYSE:TEL) last announced 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 company had revenue of $4.75 billion during 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 company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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 issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 21st. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

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.