Wealth Alliance LLC Acquires New Position in TE Connectivity Ltd. $TEL

Wealth Alliance LLC bought a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the second quarter, HoldingsChannel.com reports. The firm bought 2,744 shares of the electronics maker’s stock, valued at approximately $463,000.

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

TE Connectivity Stock Performance

NYSE TEL opened at $236.17 on Friday. The company has a fifty day moving average of $225.81 and a two-hundred day moving average of $194.49. The company has a market capitalization of $69.78 billion, a PE ratio of 38.40, a P/E/G ratio of 2.24 and a beta of 1.27. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96.

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, beating the consensus estimate of $2.29 by $0.15. The business had revenue of $4.75 billion during the quarter, compared to the consensus estimate of $4.57 billion. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. As a group, analysts expect 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. Stockholders of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at $5,272,868.24. This represents a 47.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This represents a 64.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 131,171 shares of company stock valued at $31,380,209 in the last ninety days. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TEL shares. Barclays boosted 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. Evercore ISI raised their price objective on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Truist Financial boosted their target price on shares of TE Connectivity from $200.00 to $255.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. KGI Securities raised TE Connectivity to a “hold” rating in a report on Thursday, July 24th. Finally, Robert W. Baird upped their price objective on TE Connectivity from $222.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, TE Connectivity currently has a consensus 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.