TE Connectivity Ltd. $TEL Shares Sold by First Trust Advisors LP

Key Points

• First Trust Advisors LP cut its stake in TE Connectivity by 75.5% in the third quarter, selling 1,381,002 shares and retaining 448,266 shares valued at about $98.41 million.
• TE Connectivity beat quarterly expectations with $2.72 EPS (vs. $2.55 est.) and revenue of $4.67 billion, up 21.7% year-over-year, and set Q2 2026 guidance at 2.65 EPS; analysts hold a consensus "Moderate Buy" with an average price target of $251.93.
• The company declared a quarterly dividend of $0.71 (annualized $2.84, yield 1.4%), while insiders have sold about 32,945 shares (~$7.53 million) in the last 90 days, with insiders owning 0.60% of the stock.

First Trust Advisors LP decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 75.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 448,266 shares of the electronics maker's stock after selling 1,381,002 shares during the period. First Trust Advisors LP owned 0.15% of TE Connectivity worth $98,408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of TE Connectivity by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker's stock valued at $6,458,766,000 after acquiring an additional 410,910 shares during the period. J. Safra Sarasin Holding AG boosted its stake in TE Connectivity by 132.5% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker's stock worth $2,952,000 after purchasing an additional 7,664 shares during the period. Principal Financial Group Inc. boosted its stake in TE Connectivity by 7.0% during the 3rd quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker's stock worth $73,849,000 after purchasing an additional 21,882 shares during the period. Nordea Investment Management AB grew its position in TE Connectivity by 3.5% during the 3rd quarter. Nordea Investment Management AB now owns 1,662,615 shares of the electronics maker's stock worth $363,215,000 after purchasing an additional 56,833 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in TE Connectivity by 11.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker's stock valued at $10,369,000 after purchasing an additional 4,813 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of research reports. Weiss Ratings upgraded shares of TE Connectivity from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, February 6th. Barclays boosted their price target on TE Connectivity from $297.00 to $302.00 and gave the company an "overweight" rating in a research report on Friday, January 23rd. Truist Financial upped their price objective on TE Connectivity from $240.00 to $244.00 and gave the company a "hold" rating in a research note on Thursday, January 22nd. Zacks Research upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen raised TE Connectivity from a "buy" rating to a "strong-buy" rating in a report on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $251.93.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $206.75 on Tuesday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The company has a 50-day moving average price of $227.79 and a 200 day moving average price of $226.08. The company has a market cap of $60.67 billion, a P/E ratio of 29.83, a PEG ratio of 1.57 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

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

TE Connectivity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 20th. TE Connectivity's payout ratio is presently 40.98%.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the sale, the insider owned 32,541 shares of the company's stock, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John S. Jenkins sold 6,155 shares of the company's stock in a transaction dated 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 owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,945 shares of company stock valued at $7,528,616 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

TE Connectivity 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.

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