PNC Financial Services Group Inc. Purchases 3,406 Shares of TE Connectivity Ltd. $TEL

PNC Financial Services Group Inc. grew its holdings in TE Connectivity Ltd. (NYSE:TEL) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,870 shares of the electronics maker’s stock after purchasing an additional 3,406 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TE Connectivity were worth $25,656,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC acquired a new stake in TE Connectivity during the 2nd quarter worth $26,000. SOA Wealth Advisors LLC. boosted its position in shares of TE Connectivity by 47.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 54 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of TE Connectivity during the third quarter worth $39,000. Neo Ivy Capital Management bought a new stake in TE Connectivity in the second quarter valued at about $30,000. Finally, Proffitt & Goodson Inc. lifted its stake in TE Connectivity by 330.2% in the third quarter. Proffitt & Goodson Inc. now owns 185 shares of the electronics maker’s stock valued at $41,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Down 0.3%

Shares of TEL stock opened at $235.54 on Wednesday. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $230.12 and a 200-day moving average of $223.99. The company has a market capitalization of $69.12 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 1.80 and a beta of 1.24.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating the consensus estimate of $2.55 by $0.17. The business had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s dividend payout ratio (DPR) is currently 40.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TEL shares. UBS Group upped their price target on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Barclays boosted their price objective on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of TE Connectivity from $204.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Oppenheimer raised their price objective on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and an average price target of $251.93.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 6,565 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $233.64, for a total transaction of $1,533,846.60. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at approximately $6,069,032.64. This represents a 20.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,545 shares of company stock valued at $5,436,928. 0.60% of the stock is owned by insiders.

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.