Varenne Capital Partners Purchases New Holdings in TE Connectivity Ltd. $TEL

Varenne Capital Partners acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 309,707 shares of the electronics maker’s stock, valued at approximately $67,990,000. TE Connectivity makes up 12.9% of Varenne Capital Partners’ holdings, making the stock its 2nd largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of TE Connectivity during the second quarter worth approximately $609,158,000. Bank of America Corp DE grew its holdings in shares of TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after buying an additional 1,352,152 shares in the last quarter. Dodge & Cox grew its holdings in shares of TE Connectivity by 6.3% during the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after buying an additional 1,017,323 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of TE Connectivity by 21.8% in the second quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock valued at $697,694,000 after buying an additional 739,453 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in shares of TE Connectivity by 40,481.3% in the second quarter. Bahl & Gaynor Inc. now owns 680,548 shares of the electronics maker’s stock worth $114,788,000 after buying an additional 678,871 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

NYSE:TEL opened at $204.52 on Wednesday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The stock’s fifty day moving average is $229.70 and its two-hundred day moving average is $225.91. The company has a market capitalization of $60.01 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.61 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) last issued its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the company earned $1.95 EPS. The company’s quarterly revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 20th will be issued a $0.71 dividend. 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 dividend payout ratio is currently 40.98%.

Analyst Ratings Changes

Several brokerages recently issued reports on TEL. The Goldman Sachs Group set a $306.00 price objective on shares of TE Connectivity in a research note on Wednesday, January 21st. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Truist Financial boosted their price objective on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity has a consensus rating of “Moderate Buy” and an average price target of $251.93.

Insider Buying and Selling

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the sale, the executive vice president owned 21,810 shares in the company, valued at $4,859,486.10. This represents a 22.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,945 shares of company stock valued at $7,528,616. 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.