TD Waterhouse Canada Inc. Trims Position in TE Connectivity Ltd. $TEL

TD Waterhouse Canada Inc. lowered its holdings in TE Connectivity Ltd. (NYSE:TEL) by 36.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,144 shares of the electronics maker’s stock after selling 4,170 shares during the period. TD Waterhouse Canada Inc.’s holdings in TE Connectivity were worth $1,215,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC purchased a new stake in TE Connectivity in the 2nd quarter valued at about $26,000. Costello Asset Management INC purchased a new stake in TE Connectivity in the first quarter valued at approximately $28,000. Salomon & Ludwin LLC increased its position in TE Connectivity by 58.9% during the second quarter. Salomon & Ludwin LLC now owns 178 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 66 shares during the last quarter. Richardson Financial Services Inc. purchased a new position in TE Connectivity during the second quarter worth approximately $33,000. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of TE Connectivity during the 1st quarter worth $34,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Price Performance

TEL opened at $218.74 on Friday. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67. The firm has a market cap of $64.35 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.24 and a beta of 1.27. The company has a current ratio of 1.56, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $228.04 and a 200 day simple moving average of $198.21.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.15. The company had revenue of $4.75 billion during the quarter, compared to analysts’ expectations of $4.57 billion. TE Connectivity had a net margin of 10.67% and a return on equity of 21.18%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 EPS. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, November 21st. This represents a $2.84 annualized dividend and a yield of 1.3%. TE Connectivity’s payout ratio is currently 46.18%.

Insider Buying and Selling at TE Connectivity

In other TE Connectivity news, CFO Heath A. Mitts sold 82,300 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer owned 45,503 shares in the company, valued at $11,246,066.45. This represents a 64.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shadrak W. Kroeger sold 23,850 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $202.99, for a total value of $4,841,311.50. Following the sale, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 131,171 shares of company stock valued at $31,380,209 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TEL shares. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. The Goldman Sachs Group raised their price target on shares of TE Connectivity from $228.00 to $263.00 and gave the company a “buy” rating in a report on Monday, September 29th. Evercore ISI lifted their price target on shares of TE Connectivity from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, TD Cowen increased their price objective on shares of TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.46.

TE Connectivity Profile

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.