TD Private Client Wealth LLC lifted its holdings in TE Connectivity Ltd. (NYSE:TEL – Free Report) by 138.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,838 shares of the electronics maker’s stock after purchasing an additional 2,810 shares during the period. TD Private Client Wealth LLC’s holdings in TE Connectivity were worth $1,101,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J. Safra Sarasin Holding AG increased its stake in TE Connectivity by 132.5% during the third quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker’s stock valued at $2,952,000 after acquiring an additional 7,664 shares during the period. Principal Financial Group Inc. increased its stake in TE Connectivity by 7.0% during the third quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock valued at $73,849,000 after acquiring an additional 21,882 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in TE Connectivity by 11.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker’s stock valued at $10,369,000 after acquiring an additional 4,813 shares during the period. Caprock Group LLC bought a new position in TE Connectivity during the third quarter valued at about $2,419,000. Finally, State of New Jersey Common Pension Fund D increased its stake in TE Connectivity by 7.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 103,287 shares of the electronics maker’s stock valued at $22,675,000 after acquiring an additional 6,755 shares during the period. 91.43% of the stock is currently owned by institutional investors.
Insider Activity at TE Connectivity
In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 28,200 shares of company stock valued at $6,211,332. 0.60% of the stock is owned by insiders.
TE Connectivity Stock Up 2.7%
TE Connectivity (NYSE:TEL – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.TE Connectivity’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, sell-side analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.
TE Connectivity declared that its board has initiated a stock repurchase program on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to buy up to 5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
TE Connectivity Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 22nd. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio (DPR) is presently 29.01%.
Wall Street Analyst Weigh In
TEL has been the topic of several research reports. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research note on Wednesday, April 22nd. HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a research note on Thursday, April 23rd. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, UBS Group decreased their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $256.57.
About TE Connectivity
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.
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