Citizens Financial Group Inc. RI Increases Stock Holdings in TE Connectivity Ltd. $TEL

Citizens Financial Group Inc. RI lifted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 28.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,053 shares of the electronics maker’s stock after acquiring an additional 668 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in TE Connectivity were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in TE Connectivity in the fourth quarter valued at $820,000. CWM LLC increased its position in shares of TE Connectivity by 9.0% during the first quarter. CWM LLC now owns 6,138 shares of the electronics maker’s stock worth $867,000 after purchasing an additional 507 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of TE Connectivity by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,473 shares of the electronics maker’s stock valued at $632,000 after purchasing an additional 112 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of TE Connectivity by 2.8% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,073 shares of the electronics maker’s stock valued at $3,261,000 after purchasing an additional 637 shares during the period. Finally, HighPoint Advisor Group LLC grew its stake in TE Connectivity by 4.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 5,695 shares of the electronics maker’s stock worth $827,000 after buying an additional 267 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. Citigroup lifted their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TE Connectivity in a research note on Wednesday, October 8th. KGI Securities upgraded shares of TE Connectivity to a “hold” rating in a research note on Thursday, July 24th. Finally, Barclays upped their target price on shares of TE Connectivity from $249.00 to $277.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.15.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $202.99, for a total value of $4,841,311.50. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,272,868.24. This trade represents a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. The trade was a 64.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 131,171 shares of company stock valued at $31,380,209. Corporate insiders own 0.90% of the company’s stock.

TE Connectivity Price Performance

TE Connectivity stock opened at $231.51 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96. The business has a 50 day simple moving average of $227.37 and a 200-day simple moving average of $197.02. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The stock has a market capitalization of $68.11 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.15. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The company had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the company posted $1.95 EPS. TE Connectivity’s revenue was up 16.7% compared to the same quarter last year. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Equities analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.2%. TE Connectivity’s payout ratio is presently 46.18%.

TE Connectivity Company Profile

TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.