Sigma Investment Counselors Inc. Makes New Investment in TE Connectivity Ltd. $TEL

Sigma Investment Counselors Inc. purchased a new position in TE Connectivity Ltd. (NYSE:TEL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,394 shares of the electronics maker’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TEL. Vanguard Group Inc. grew its position in TE Connectivity by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 37,881,410 shares of the electronics maker’s stock worth $5,353,401,000 after purchasing an additional 5,502,415 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of TE Connectivity by 39,846.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock worth $299,490,000 after acquiring an additional 1,771,153 shares during the period. Nuveen LLC bought a new position in shares of TE Connectivity during the 1st quarter worth about $174,700,000. Wellington Management Group LLP lifted its holdings in shares of TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock worth $1,054,133,000 after acquiring an additional 1,097,035 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TE Connectivity by 17.1% during the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock worth $927,571,000 after acquiring an additional 960,276 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TE Connectivity

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on TEL shares. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $198.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, September 25th. Barclays started coverage on shares of TE Connectivity in a report on Tuesday, October 7th. They set an “overweight” rating and a $249.00 price objective for the company. Bank of America raised their price objective on shares of TE Connectivity from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. Finally, Citigroup lifted their price target on shares of TE Connectivity from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and an average price target of $219.92.

TE Connectivity Trading Down 0.4%

Shares of TEL stock opened at $223.33 on Monday. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $226.50. The company has a market capitalization of $65.99 billion, a P/E ratio of 46.24, a P/E/G ratio of 2.41 and a beta of 1.26. The firm has a 50-day moving average price of $212.45 and a 200 day moving average price of $180.36. The company has a quick ratio of 0.96, a current ratio of 1.52 and a debt-to-equity ratio of 0.39.

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

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid 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 dividend yield of 1.3%. TE Connectivity’s payout ratio is currently 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.