Fieldview Capital Management LLC raised its position in shares of TE Connectivity Ltd. (NYSE:TEL – Free Report) by 158.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,754 shares of the electronics maker’s stock after buying an additional 2,918 shares during the quarter. Fieldview Capital Management LLC’s holdings in TE Connectivity were worth $1,082,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth about $25,000. Caitlin John LLC purchased a new stake in shares of TE Connectivity in the third quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of TE Connectivity in the third quarter worth about $29,000. Geneos Wealth Management Inc. boosted its position in shares of TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after buying an additional 127 shares during the period. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of TE Connectivity in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Insiders Place Their Bets
In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock worth $6,140,644 over the last 90 days. 0.60% of the stock is owned by company insiders.
TE Connectivity Price Performance
TE Connectivity (NYSE:TEL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, analysts anticipate that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.
TE Connectivity announced that its board has authorized a share buyback program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
TE Connectivity Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is 31.87%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research report on Wednesday, April 22nd. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Barclays decreased their price target on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.57.
Check Out Our Latest Stock Report on TE Connectivity
TE Connectivity Profile
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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