Modera Wealth Management LLC Sells 334 Shares of TE Connectivity Ltd. $TEL

Modera Wealth Management LLC decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 12.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,444 shares of the electronics maker’s stock after selling 334 shares during the period. Modera Wealth Management LLC’s holdings in TE Connectivity were worth $412,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised 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 valued at $5,353,401,000 after purchasing an additional 5,502,415 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of TE Connectivity by 39,846.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,775,598 shares of the electronics maker’s stock valued at $299,490,000 after buying an additional 1,771,153 shares during the last quarter. Nuveen LLC acquired a new position in TE Connectivity during the 1st quarter worth about $174,700,000. Wellington Management Group LLP grew its holdings in 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 last quarter. Finally, Ameriprise Financial Inc. increased its position in TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock valued at $927,571,000 after acquiring an additional 960,276 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL stock opened at $242.27 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $71.59 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The firm has a fifty day moving average of $222.75 and a 200-day moving average of $192.37. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67.

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, beating the consensus estimate of $2.29 by $0.15. The company had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 earnings per share. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Heath A. Mitts sold 82,300 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 45,503 shares in the company, valued at $11,246,066.45. The trade was a 64.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John S. Jenkins sold 25,021 shares of the company’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 owned 20,903 shares in the company, valued at $5,178,300.19. This represents a 54.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 131,171 shares of company stock worth $31,380,209. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of TE Connectivity from $200.00 to $255.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Robert W. Baird upped their price target on TE Connectivity from $222.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Barclays lifted their price objective on TE Connectivity from $249.00 to $277.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, Citigroup boosted their price objective on TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average target price of $241.58.

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.