London Co. of Virginia Sells 28,791 Shares of TE Connectivity Ltd. $TEL

London Co. of Virginia decreased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,645,266 shares of the electronics maker’s stock after selling 28,791 shares during the quarter. TE Connectivity comprises approximately 2.0% of London Co. of Virginia’s investment portfolio, making the stock its 13th largest holding. London Co. of Virginia’s holdings in TE Connectivity were worth $361,191,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitlin John LLC acquired a new stake in TE Connectivity in the third quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TE Connectivity during the third quarter valued at about $29,000. Neo Ivy Capital Management acquired a new position in shares of TE Connectivity during the second quarter valued at about $30,000. Caldwell Trust Co bought a new position in shares of TE Connectivity during the 2nd quarter worth about $31,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction on 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 transaction, the executive vice president directly owned 21,810 shares of the company’s stock, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 32,945 shares of company stock worth $7,528,616. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

TEL has been the topic of a number of research reports. Oppenheimer upped their price target on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. TD Cowen reissued a “buy” rating on shares of TE Connectivity in a research note on Monday, November 17th. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Barclays increased their target price on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Finally, Wells Fargo & Company lifted their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.93.

TE Connectivity Price Performance

TEL stock opened at $203.58 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The business has a 50-day simple moving average of $224.97 and a two-hundred day simple moving average of $225.91. The company has a market capitalization of $59.74 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping the consensus estimate of $2.55 by $0.17. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. 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 declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 22nd. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is currently 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.