Mesirow Financial Investment Management Inc. Sells 409 Shares of TE Connectivity Ltd. $TEL

Mesirow Financial Investment Management Inc. lessened its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,451 shares of the electronics maker’s stock after selling 409 shares during the quarter. Mesirow Financial Investment Management Inc. owned 0.05% of TE Connectivity worth $25,714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB lifted its position 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 period. Foresight Group Ltd Liability Partnership acquired a new stake in TE Connectivity during the 1st quarter valued at $31,983,000. Syntegra Private Wealth Group LLC acquired a new stake in TE Connectivity during the 2nd quarter valued at $215,000. Ascent Group LLC acquired a new stake in TE Connectivity during the 1st quarter valued at $364,000. Finally, KLP Kapitalforvaltning AS increased its holdings in TE Connectivity by 3.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 110,533 shares of the electronics maker’s stock valued at $18,686,000 after purchasing an additional 3,700 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

TEL stock opened at $243.41 on Friday. The business’s 50-day moving average price is $218.11 and its two-hundred day moving average price is $186.73. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The firm has a market cap of $71.92 billion, a PE ratio of 39.58, a P/E/G ratio of 2.24 and a beta of 1.26. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $247.34.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.15. The firm had revenue of $4.75 billion for the quarter, compared to analyst estimates 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 for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

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 dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s payout ratio is currently 46.18%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 31st. JPMorgan Chase & Co. raised their price target on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday. Robert W. Baird raised their price target on TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Evercore ISI raised their price target on TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday. Finally, The Goldman Sachs Group raised their price target on TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.25.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of TE Connectivity stock in a transaction dated 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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,272,868.24. The trade was a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

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.