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Franklin Today
By the People, for the People
Franklin Resources Inc. Sells 388,659 Shares of TE Connectivity Ltd.
The investment firm lowered its stake in the electronics maker by 14.4% in the third quarter.
Mar. 12, 2026 at 10:34am
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Franklin Resources Inc. lowered its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 14.4% in the third quarter, according to the company's 13F filing with the Securities & Exchange Commission. The fund owned 2,318,615 shares of the electronics maker's stock after selling 388,659 shares during the quarter.
Why it matters
This transaction by a major institutional investor provides insight into the market's sentiment towards TE Connectivity, a leading electronics manufacturer. The sale could signal broader concerns about the company's outlook or valuation.
The details
Franklin Resources Inc. sold 388,659 shares of TE Connectivity, reducing its stake in the company by 14.4%. The investment firm now owns 2,318,615 shares, or 0.78% of TE Connectivity's outstanding stock, valued at $509,006,000 at the end of the reporting period.
- The transaction occurred in the third quarter of the reporting period.
The players
Franklin Resources Inc.
A global investment management organization that provides a range of investment products and services to institutional and individual investors around the world.
TE Connectivity Ltd.
A global industrial technology company that designs and manufactures connectivity and sensor solutions used in a wide range of applications, including automotive, industrial, and aerospace.
The takeaway
This transaction by a major institutional investor like Franklin Resources could signal broader concerns about TE Connectivity's outlook or valuation, which may be worth further investigation by investors and analysts.
