Elevation Point Wealth Partners LLC Raises Stock Position in TE Connectivity Ltd. $TEL

Elevation Point Wealth Partners LLC grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1,223.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,275 shares of the electronics maker’s stock after acquiring an additional 3,952 shares during the period. Elevation Point Wealth Partners LLC’s holdings in TE Connectivity were worth $939,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC increased its holdings in TE Connectivity by 11.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock worth $89,000 after purchasing an additional 43 shares during the period. Great Lakes Advisors LLC lifted its holdings in shares of TE Connectivity by 3.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock worth $320,000 after buying an additional 48 shares during the period. Dakota Community Bank & Trust NA grew its position 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 buying an additional 49 shares in the last quarter. Csenge Advisory Group grew its position in shares of TE Connectivity by 3.2% during the 3rd quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock worth $352,000 after buying an additional 50 shares in the last quarter. Finally, Security National Bank of SO Dak increased its stake in shares of TE Connectivity by 0.5% during 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 buying an additional 50 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the company’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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the 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 sale, the executive vice president owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This represents a 22.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 32,945 shares of company stock valued at $7,528,616. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Barclays raised their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Wells Fargo & Company increased their price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Finally, UBS Group lifted their price objective on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. One equities 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 stock. According to MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $203.58 on Tuesday. The company has a market capitalization of $59.74 billion, a PE ratio of 29.38, a P/E/G ratio of 1.52 and a beta of 1.23. The company has a 50-day simple moving average of $224.97 and a two-hundred day simple moving average of $225.91. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the business earned $1.95 EPS. The company’s 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 expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has authorized a share buyback program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. TE Connectivity’s payout ratio is 40.98%.

About TE Connectivity

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.