R Squared Ltd Has $861,000 Stock Holdings in TE Connectivity Ltd. $TEL

R Squared Ltd decreased its stake in shares of TE Connectivity Ltd. (NYSE:TELFree Report) by 49.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,119 shares of the electronics maker’s stock after selling 4,092 shares during the period. R Squared Ltd’s holdings in TE Connectivity were worth $861,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Man Group plc boosted its position in shares of TE Connectivity by 259.9% in the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after purchasing an additional 904,468 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in TE Connectivity in the fourth quarter valued at about $1,983,000. Jefferies Financial Group Inc. lifted its stake in TE Connectivity by 575.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after buying an additional 31,096 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in TE Connectivity by 2,766.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock valued at $63,082,000 after buying an additional 267,598 shares during the period. Finally, NewEdge Wealth LLC boosted its holdings in TE Connectivity by 20.4% during the fourth quarter. NewEdge Wealth LLC now owns 41,715 shares of the electronics maker’s stock worth $9,491,000 after buying an additional 7,057 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

TE Connectivity Stock Down 2.4%

TEL traded down $4.76 on Tuesday, hitting $195.39. 531,664 shares of the company were exchanged, compared to its average volume of 2,445,778. The stock’s fifty day moving average is $207.92 and its 200-day moving average is $217.96. TE Connectivity Ltd. has a 12 month low of $170.93 and a 12 month high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The company has a market cap of $57.04 billion, a PE ratio of 19.92, a PEG ratio of 1.39 and a beta of 1.17.

TE Connectivity (NYSE:TELGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts predict that TE Connectivity Ltd. will post 11.33 EPS for the current fiscal year.

TE Connectivity Announces Dividend

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 issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 21st. TE Connectivity’s payout ratio is presently 31.87%.

TE Connectivity declared that its Board of Directors has authorized a share repurchase 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 shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Truist Financial cut their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company boosted their price objective on TE Connectivity from $226.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Barclays increased their target price on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Finally, The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $254.93.

Read Our Latest Report on TE Connectivity

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, June 1st. The shares were 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 approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock worth $6,140,644 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

About TE Connectivity

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TE Connectivity (NYSE:TEL)

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