TE Connectivity Ltd. $TEL Shares Bought by Ninety One North America Inc.

Key Points

• Ninety One North America Inc. increased its stake in TE Connectivity Ltd. by 2.6% during Q2, owning a total of 103,777 shares valued at approximately $17.5 million.
• Insider selling was notable, with EVP John S. Jenkins selling 45,850 shares for about $9.6 million, representing a 65% reduction in his ownership of the stock.
• TE Connectivity reported Q3 earnings of $2.27 EPS, exceeding expectations, with revenue rising 13.9% year-over-year, while setting guidance for Q4 2025 at $2.270 EPS.

Ninety One North America Inc. grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,777 shares of the electronics maker's stock after purchasing an additional 2,675 shares during the quarter. Ninety One North America Inc.'s holdings in TE Connectivity were worth $17,504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in TE Connectivity during the 1st quarter worth $28,000. Millstone Evans Group LLC acquired a new stake in TE Connectivity during the 1st quarter worth $32,000. Kelly Lawrence W & Associates Inc. CA acquired a new stake in TE Connectivity during the 1st quarter worth $34,000. Ransom Advisory Ltd acquired a new stake in TE Connectivity during the 1st quarter worth $34,000. Finally, Dagco Inc. acquired a new stake in TE Connectivity during the 1st quarter worth $35,000. Institutional investors and hedge funds own 91.43% of the company's stock.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 45,850 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $209.33, for a total transaction of $9,597,780.50. Following the sale, the executive vice president directly owned 24,625 shares in the company, valued at $5,154,751.25. This represents a 65.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Malavika Sagar sold 1,945 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $207.20, for a total transaction of $403,004.00. Following the sale, the senior vice president owned 4,716 shares in the company, valued at $977,155.20. This trade represents a 29.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,545 shares of company stock valued at $25,040,158 over the last three months. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TEL has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of TE Connectivity from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Zacks Research lowered TE Connectivity from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 24th. Bank of America lifted their price target on TE Connectivity from $168.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Citigroup lifted their price target on TE Connectivity from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Finally, KGI Securities upgraded TE Connectivity to a "hold" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, TE Connectivity currently has a consensus rating of "Moderate Buy" and an average target price of $211.36.

TE Connectivity Stock Up 0.8%

Shares of TEL opened at $219.56 on Wednesday. The firm has a market cap of $64.88 billion, a P/E ratio of 45.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.23. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $221.00. The company's 50-day moving average price is $207.93 and its 200 day moving average price is $173.18. The company has a current ratio of 1.52, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39.

TE Connectivity (NYSE:TEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.19. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.30 billion. TE Connectivity had a net margin of 8.78% and a return on equity of 20.22%. TE Connectivity's revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 EPS. TE Connectivity has set its Q4 2025 guidance at 2.270-2.270 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be paid 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 yield of 1.3%. TE Connectivity's dividend payout ratio is 58.80%.

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.

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