DNB Asset Management AS Boosts Holdings in TE Connectivity Ltd. $TEL

DNB Asset Management AS lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.9% in the second quarter, Holdings Channel reports. The firm owned 58,003 shares of the electronics maker’s stock after buying an additional 492 shares during the period. DNB Asset Management AS’s holdings in TE Connectivity were worth $9,783,000 at the end of the most recent reporting period.

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

Insider Transactions 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 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 approximately $5,272,868.24. This trade represents a 47.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 20,903 shares in the company, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 131,171 shares of company stock worth $31,380,209. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup raised their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Truist Financial reduced their price objective on TE Connectivity from $255.00 to $239.00 and set a “hold” rating on the stock in a research report on Friday. TD Cowen upped their target price on TE Connectivity from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, November 17th. Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Finally, Evercore ISI boosted their price target on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $244.46.

TE Connectivity Price Performance

NYSE:TEL opened at $218.74 on Friday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The stock’s fifty day moving average is $228.04 and its two-hundred day moving average is $198.21. The company 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 quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.15. The business had revenue of $4.75 billion during 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 company’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Dividend Announcement

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

TE Connectivity 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.