TE Connectivity Ltd. $TEL Shares Sold by London Co. of Virginia

London Co. of Virginia trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,489,812 shares of the electronics maker’s stock after selling 107,442 shares during the quarter. TE Connectivity comprises about 1.9% of London Co. of Virginia’s portfolio, making the stock its 16th largest holding. London Co. of Virginia’s holdings in TE Connectivity were worth $311,406,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its stake in TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after buying an additional 23,074 shares in the last quarter. Man Group plc boosted its position in shares of TE Connectivity by 259.9% during the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after acquiring an additional 904,468 shares in the last quarter. Jefferies Financial Group Inc. increased its holdings in shares of TE Connectivity by 575.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after acquiring an additional 31,096 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of TE Connectivity in the 4th quarter valued at about $1,983,000. Finally, Swedbank AB raised its position in shares of TE Connectivity by 8.1% during the 4th quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock worth $19,300,000 after acquiring an additional 6,385 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Robert W. Baird lowered their price target on TE Connectivity from $240.00 to $225.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup cut their price objective on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, July 13th. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Finally, Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One investment analyst has 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 currently has a consensus rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Trading Up 2.1%

NYSE:TEL opened at $202.95 on Friday. The company has a market capitalization of $59.24 billion, a PE ratio of 19.90, a P/E/G ratio of 1.41 and a beta of 1.17. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The stock’s 50 day moving average price is $205.36 and its 200 day moving average price is $215.01. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. On average, research analysts anticipate that TE Connectivity Ltd. will post 11.45 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s dividend payout ratio is 30.59%.

TE Connectivity Company Profile

TE Connectivity (NYSE: TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions used to enable the flow of power and data in a wide range of applications. Its product portfolio includes electrical connectors, cable and wire harness assemblies, sensors, relays and switches, fiber-optic and coaxial interconnects, and other passive and active components that provide mechanical and electrical connections in complex systems.

The company’s products and engineered solutions serve diverse end markets such as automotive and transportation, industrial equipment, data communications and networks, aerospace and defense, medical devices, and energy.