TD Asset Management Inc Increases Stake in TE Connectivity Ltd. $TEL

TD Asset Management Inc boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 318,608 shares of the electronics maker’s stock after buying an additional 36,318 shares during the period. TD Asset Management Inc owned 0.11% of TE Connectivity worth $69,944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TEL. Vanguard Group Inc. lifted its stake 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 purchasing an additional 410,910 shares during the period. Dodge & Cox lifted its position in TE Connectivity by 6.3% during the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after buying an additional 1,017,323 shares during the period. State Street Corp boosted its holdings in shares of TE Connectivity by 0.8% during the 2nd quarter. State Street Corp now owns 12,928,733 shares of the electronics maker’s stock valued at $2,180,693,000 after buying an additional 100,040 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of TE Connectivity by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock worth $1,185,474,000 after buying an additional 464,853 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Down 2.6%

TE Connectivity stock opened at $236.10 on Friday. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67. The business’s fifty day moving average is $230.70 and its 200 day moving average is $225.36. The stock has a market capitalization of $69.28 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.24. 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) last posted its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.17. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be issued a $0.71 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is currently 40.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TEL shares. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. The Goldman Sachs Group set a $306.00 price objective on TE Connectivity in a research report on Wednesday, January 21st. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. raised their price target on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.93.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 6,565 shares of TE Connectivity stock in a transaction on Friday, February 13th. The stock was sold at an average price of $233.64, for a total value of $1,533,846.60. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at $6,069,032.64. The trade was a 20.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 23,545 shares of company stock valued at $5,436,928. Company insiders own 0.60% of the company’s stock.

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.