Cumberland Partners Ltd Sells 8,950 Shares of TE Connectivity Ltd. $TEL

Cumberland Partners Ltd reduced its holdings in TE Connectivity Ltd. (NYSE:TEL) by 46.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,375 shares of the electronics maker’s stock after selling 8,950 shares during the period. Cumberland Partners Ltd’s holdings in TE Connectivity were worth $2,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of TEL. Brighton Jones LLC acquired a new stake in shares of TE Connectivity in the fourth quarter worth $820,000. Sivia Capital Partners LLC raised its stake in TE Connectivity by 66.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after purchasing an additional 1,007 shares during the last quarter. Walleye Capital LLC boosted its holdings in TE Connectivity by 14.6% in the 2nd quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 343 shares during the period. Squarepoint Ops LLC boosted its holdings in TE Connectivity by 1,214.0% in the 2nd quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after purchasing an additional 97,256 shares during the period. Finally, Ieq Capital LLC grew its position in TE Connectivity by 75.0% in the 2nd quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock worth $3,927,000 after purchasing an additional 9,980 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was 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 directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Evercore reaffirmed an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a research report on Monday, June 22nd. Truist Financial lowered their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Wall Street Zen upgraded TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.15.

TE Connectivity Trading Up 2.1%

Shares of TE Connectivity stock opened at $202.95 on Friday. TE Connectivity Ltd. has a 12-month low of $190.27 and a 12-month high of $252.56. The stock has a market capitalization of $59.24 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The company has a 50-day simple moving average of $205.36 and a 200 day simple moving average of $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 released its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.09. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period 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. Research analysts expect that TE Connectivity Ltd. will post 11.41 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

About TE Connectivity

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.