Wellington Management Group LLP Sells 1,600,334 Shares of TE Connectivity Ltd. $TEL

Wellington Management Group LLP trimmed its stake in TE Connectivity Ltd. (NYSE:TEL) by 24.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,842,171 shares of the electronics maker’s stock after selling 1,600,334 shares during the period. Wellington Management Group LLP’s holdings in TE Connectivity were worth $1,063,002,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TEL. HHM Wealth Advisors LLC grew its stake in TE Connectivity by 11.8% in the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after buying an additional 43 shares in the last quarter. Great Lakes Advisors LLC raised its position in shares of TE Connectivity by 3.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock valued at $320,000 after buying an additional 48 shares in the last quarter. Dakota Community Bank & Trust NA lifted its holdings in shares of TE Connectivity by 5.4% during the 3rd quarter. Dakota Community Bank & Trust NA now owns 951 shares of the electronics maker’s stock worth $209,000 after acquiring an additional 49 shares during the last quarter. Csenge Advisory Group grew its position in TE Connectivity by 3.2% in the third quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock worth $352,000 after acquiring an additional 50 shares in the last quarter. Finally, Security National Bank of SO Dak increased its stake in TE Connectivity by 0.5% in the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock valued at $1,833,000 after acquiring an additional 50 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, 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 transaction of $333,777.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of 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 position. The SEC filing for this sale provides additional information. Insiders sold 32,945 shares of company stock valued at $7,528,616 in the last quarter. Company insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 0.8%

Shares of TEL stock opened at $199.35 on Friday. The business has a 50-day moving average of $225.53 and a 200 day moving average of $225.69. 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 Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67. The stock has a market capitalization of $58.50 billion, a PE ratio of 28.77, a P/E/G ratio of 1.51 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 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 business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the firm earned $1.95 EPS. The business’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. As a group, sell-side analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity declared that its board has authorized a share repurchase plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

TE Connectivity Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. The Goldman Sachs Group set a $306.00 target price on TE Connectivity in a research note on Wednesday, January 21st. Wells Fargo & Company lifted their price target 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. Finally, UBS Group upped their price objective on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. One 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $251.93.

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.