Sierra Legacy Group Invests $750,000 in TE Connectivity Ltd. $TEL

Sierra Legacy Group purchased a new position in TE Connectivity Ltd. (NYSE:TEL) during the second quarter, Holdings Channel reports. The fund purchased 4,445 shares of the electronics maker’s stock, valued at approximately $750,000.

Several other hedge funds have also recently made changes to their positions in TEL. Nordea Investment Management AB boosted its position in TE Connectivity by 54.4% during the second quarter. Nordea Investment Management AB now owns 1,605,782 shares of the electronics maker’s stock worth $269,723,000 after purchasing an additional 565,857 shares during the period. Vise Technologies Inc. purchased a new stake in shares of TE Connectivity during the 2nd quarter valued at approximately $917,000. Foresight Group Ltd Liability Partnership purchased a new stake in shares of TE Connectivity during the 1st quarter valued at approximately $31,983,000. Syntegra Private Wealth Group LLC bought a new position in TE Connectivity in the 2nd quarter worth approximately $215,000. Finally, Ascent Group LLC purchased a new position in TE Connectivity in the 1st quarter valued at approximately $364,000. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $231.51 on Wednesday. The company’s fifty day moving average price is $227.37 and its 200-day moving average price is $197.02. 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 firm has a market capitalization of $68.11 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.24 and a beta of 1.27. TE Connectivity Ltd. has a one year low of $116.30 and a one year high of $250.67.

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

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders 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 1.2%. TE Connectivity’s dividend payout ratio is 46.18%.

Insider Activity at TE Connectivity

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of TE Connectivity stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the transaction, the chief financial officer directly owned 45,503 shares of the company’s stock, valued at approximately $11,246,066.45. This trade represents a 64.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 25,021 shares of the company’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 completion of the sale, the executive vice president directly owned 20,903 shares of the company’s stock, valued at $5,178,300.19. This trade represents a 54.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 131,171 shares of company stock valued at $31,380,209. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Evercore ISI raised their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $215.00 to $241.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. KGI Securities raised shares of TE Connectivity to a “hold” rating in a report on Thursday, July 24th. Citigroup boosted their price target on shares of TE Connectivity from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Truist Financial increased their price objective on TE Connectivity from $200.00 to $255.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.15.

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.