Prudential Financial Inc. Boosts Holdings in TE Connectivity Ltd. $TEL

Prudential Financial Inc. increased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 22.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,528 shares of the electronics maker’s stock after purchasing an additional 7,233 shares during the period. Prudential Financial Inc.’s holdings in TE Connectivity were worth $6,667,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TEL. Vanguard Group Inc. grew its stake in shares of TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after buying an additional 410,910 shares during the last quarter. Dodge & Cox boosted its holdings in TE Connectivity by 0.4% during the 1st quarter. Dodge & Cox now owns 16,022,480 shares of the electronics maker’s stock valued at $2,264,297,000 after acquiring an additional 56,871 shares during the period. Wellington Management Group LLP grew its position in TE Connectivity by 17.2% during the 1st quarter. Wellington Management Group LLP now owns 7,459,195 shares of the electronics maker’s stock worth $1,054,133,000 after acquiring an additional 1,097,035 shares during the last quarter. Ameriprise Financial Inc. increased its stake in TE Connectivity by 17.1% in the 1st quarter. Ameriprise Financial Inc. now owns 6,563,527 shares of the electronics maker’s stock worth $927,571,000 after purchasing an additional 960,276 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in TE Connectivity by 21.8% in the second quarter. Bank of New York Mellon Corp now owns 4,136,447 shares of the electronics maker’s stock valued at $697,694,000 after purchasing an additional 739,453 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 23,850 shares of the 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 transaction, the insider owned 25,976 shares in the company, valued at approximately $5,272,868.24. This represents a 47.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $247.73, for a total transaction of $6,198,452.33. Following the sale, the executive vice president owned 20,903 shares in the company, valued at approximately $5,178,300.19. This trade represents a 54.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 131,171 shares of company stock worth $31,380,209. 0.90% of the stock is owned by corporate insiders.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $225.90 on Friday. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The stock has a market capitalization of $66.46 billion, a P/E ratio of 36.73, a P/E/G ratio of 2.24 and a beta of 1.27. The company’s 50-day moving average is $228.98 and its 200 day moving average is $200.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.56 and a quick ratio of 0.96.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 EPS for the quarter, topping 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 business had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the business posted $1.95 earnings per share. TE Connectivity’s quarterly 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. On average, sell-side analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors 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 dividend yield of 1.3%. TE Connectivity’s payout ratio is currently 46.18%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup lifted their target price on shares of TE Connectivity from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. UBS Group boosted their price objective on shares of TE Connectivity from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on TE Connectivity from $204.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.46.

About TE Connectivity

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.