TE Connectivity Ltd. $TEL Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 372,051 shares of the electronics maker’s stock after selling 8,117 shares during the quarter. Ninety One UK Ltd’s holdings in TE Connectivity were worth $78,533,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JNBA Financial Advisors increased its stake in TE Connectivity by 67.1% during the 2nd quarter. JNBA Financial Advisors now owns 127 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 51 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of TE Connectivity in the second quarter worth approximately $34,000. MV Capital Management Inc. bought a new position in shares of TE Connectivity in the fourth quarter worth approximately $41,000. Bayban purchased a new stake in shares of TE Connectivity during the fourth quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC grew its holdings in shares of TE Connectivity by 43.5% during the third quarter. Fortitude Family Office LLC now owns 211 shares of the electronics maker’s stock valued at $45,000 after buying an additional 64 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

NYSE:TEL traded down $0.77 during mid-day trading on Thursday, reaching $209.48. The company’s stock had a trading volume of 1,090,996 shares, compared to its average volume of 2,339,470. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $60.65 billion, a P/E ratio of 20.52, a PEG ratio of 1.27 and a beta of 1.14. The firm’s fifty day moving average price is $210.41 and its two-hundred day moving average price is $210.24. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the firm posted $2.27 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, equities analysts forecast that TE Connectivity Ltd. will post 11.48 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 20th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, November 20th. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio is 30.59%.

Analyst Ratings Changes

Several brokerages recently weighed in on TEL. Wall Street Zen downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Evercore reaffirmed an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. Truist Financial cut their target price on TE Connectivity from $240.00 to $215.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Citigroup reduced their target price on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, Sanford C. Bernstein began coverage on TE Connectivity in a research note on Wednesday, September 23rd. They issued an “outperform” rating and a $243.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average target price of $258.07.

TE Connectivity Profile

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products include connectors, terminals, relays, sensors, switches, circuit-protection devices, antennas and related components used to transmit power, data and signals reliably in demanding environments.

The company serves customers across the automotive, commercial transportation, industrial, aerospace and defense, medical, energy, data communications and consumer-device markets.