TE Connectivity Ltd. $TEL Shares Purchased by True Wealth Design LLC

True Wealth Design LLC lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 1,068.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 444 shares of the electronics maker’s stock after purchasing an additional 406 shares during the quarter. True Wealth Design LLC’s holdings in TE Connectivity were worth $75,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Princeton Global Asset Management LLC purchased a new stake in shares of TE Connectivity in the second quarter valued at approximately $26,000. Costello Asset Management INC acquired a new stake in TE Connectivity in the 1st quarter valued at $28,000. Salomon & Ludwin LLC increased its holdings in TE Connectivity by 58.9% in the 2nd quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 66 shares in the last quarter. Millstone Evans Group LLC acquired a new position in TE Connectivity during the first quarter worth $32,000. Finally, Richardson Financial Services Inc. purchased a new position in TE Connectivity during the second quarter valued at $33,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In other news, EVP John S. Jenkins sold 25,021 shares of the 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 owned 20,903 shares of the company’s stock, valued at $5,178,300.19. This represents a 54.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction that occurred 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 sale, the chief financial officer directly owned 45,503 shares in the company, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 131,171 shares of company stock valued at $31,380,209. 0.90% of the stock is owned by company insiders.

TE Connectivity Stock Down 0.1%

TEL stock opened at $242.27 on Friday. 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 50-day moving average of $222.75 and a two-hundred day moving average of $191.57. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company has a market cap of $71.59 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.24 and a beta of 1.27.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The business had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. TE Connectivity’s payout ratio is presently 46.18%.

Analysts Set New Price Targets

TEL has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Barclays increased their target price on TE Connectivity from $249.00 to $277.00 and gave the company an “overweight” rating in a report on Tuesday. Robert W. Baird lifted their price target on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Citigroup boosted their price target on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $241.58.

About TE Connectivity

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.