Financiere des Professionnels Fonds d investissement inc. Reduces Position in TE Connectivity Ltd. $TEL

Financiere des Professionnels Fonds d investissement inc. reduced its holdings in TE Connectivity Ltd. (NYSE:TEL) by 54.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,478 shares of the electronics maker’s stock after selling 15,819 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in TE Connectivity were worth $2,817,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TEL. Gulf International Bank UK Ltd grew its stake in TE Connectivity by 0.3% during the 4th quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after acquiring an additional 44 shares in the last quarter. MCF Advisors LLC boosted its holdings in shares of TE Connectivity by 14.1% during the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 45 shares during the last quarter. Webster Bank N. A. grew its position in shares of TE Connectivity by 19.1% in the fourth quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 46 shares in the last quarter. CYBER HORNET ETFs LLC increased its holdings in shares of TE Connectivity by 5.6% in the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after purchasing an additional 47 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in TE Connectivity by 4.2% during the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after buying an additional 48 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on TEL. Wells Fargo & Company lifted their price target on TE Connectivity from $226.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. UBS Group dropped their price objective on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Citigroup reduced their target price on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday. Wall Street Zen lowered shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $255.31.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $202.77 on Friday. The firm has a market cap of $59.19 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a 52 week low of $175.28 and a 52 week high of $252.56. The business’s fifty day simple moving average is $205.92 and its 200-day simple moving average is $216.05.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same period in the previous year, the firm earned $2.10 EPS. TE Connectivity’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities analysts forecast that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s payout ratio is 31.87%.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

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.