Chevy Chase Trust Holdings LLC Sells 5,838 Shares of TE Connectivity Ltd. $TEL

Key Points

• TE Connectivity beat Q1 estimates with EPS of $2.72 vs. $2.55 expected and revenue of $4.67B (up 21.7% year‑over‑year), and set Q2 EPS guidance at 2.65 with analysts projecting about 8.05 EPS for the year.
• The board approved a $3.0 billion stock buyback (up to 5% of shares) and raised the quarterly dividend to $0.78 (annualized $3.12, ~1.6% yield).
• Chevy Chase Trust trimmed its stake by 3.7%, selling 5,838 shares, while company insiders have sold 32,945 shares (~$7.53M) over the last 90 days; institutional ownership stands at 91.43% and analysts’ consensus is a Moderate Buy with a $251.93 price target.

Chevy Chase Trust Holdings LLC cut its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151,159 shares of the electronics maker's stock after selling 5,838 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of TE Connectivity worth $33,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TEL. Caitlin John LLC acquired a new position in shares of TE Connectivity during the third quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new stake in TE Connectivity in the 3rd quarter valued at approximately $29,000. Neo Ivy Capital Management bought a new stake in TE Connectivity in the 2nd quarter valued at approximately $30,000. Caldwell Trust Co acquired a new position in TE Connectivity during the 2nd quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock worth $33,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company's stock.

Analyst Upgrades and Downgrades

TEL has been the topic of a number of research reports. Zacks Research raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 28th. Barclays raised their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the company an "overweight" rating in a research report on Friday, January 23rd. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an "equal weight" rating in a research note on Thursday, January 22nd. Oppenheimer increased their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Finally, Truist Financial raised their price objective on TE Connectivity from $240.00 to $244.00 and gave the company a "hold" rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $251.93.

Insider Buying and Selling at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of the business's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president directly owned 21,810 shares of the company's stock, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,945 shares of company stock worth $7,528,616 over the last 90 days. Company insiders own 0.60% of the company's stock.

TE Connectivity Stock Performance

Shares of TEL stock opened at $199.35 on Monday. The company has a fifty day moving average price of $225.53 and a two-hundred day moving average price of $225.94. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67. The stock has a market cap of $58.50 billion, a P/E ratio of 28.77, a P/E/G ratio of 1.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.17. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. TE Connectivity's revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. This is a boost from TE Connectivity's previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity's dividend payout ratio (DPR) is presently 40.98%.

TE Connectivity declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to purchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.

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