Impax Asset Management Group plc Cuts Stock Position in TE Connectivity Ltd. $TEL

Key Points

• Impax Asset Management Group plc trimmed its stake in TE Connectivity by 10.7%, selling 91,302 shares and ending the quarter with 764,995 shares (about 0.26% of TE, worth $174.0M), which represents roughly 1.1% of Impax’s portfolio.
• TE Connectivity slightly beat quarterly estimates with $2.73 EPS and $4.74B revenue (revenue +14.4% YoY) and provided Q3 2026 EPS guidance of 2.83.
• The board authorized a $3.00 billion stock repurchase plan (up to ~5% of shares) and raised the quarterly dividend to $0.78 ($3.12 annualized, ~1.5% yield).

Impax Asset Management Group plc lowered its position in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 764,995 shares of the electronics maker's stock after selling 91,302 shares during the period. TE Connectivity makes up about 1.1% of Impax Asset Management Group plc's portfolio, making the stock its 28th largest position. Impax Asset Management Group plc owned approximately 0.26% of TE Connectivity worth $174,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J. Safra Sarasin Holding AG grew its position in shares of TE Connectivity by 132.5% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 13,446 shares of the electronics maker's stock worth $2,952,000 after buying an additional 7,664 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of TE Connectivity by 7.0% in the 3rd quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker's stock worth $73,849,000 after buying an additional 21,882 shares during the last quarter. Nordea Investment Management AB grew its position in shares of TE Connectivity by 3.5% in the 3rd quarter. Nordea Investment Management AB now owns 1,662,615 shares of the electronics maker's stock worth $363,215,000 after buying an additional 56,833 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of TE Connectivity by 11.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,231 shares of the electronics maker's stock worth $10,369,000 after buying an additional 4,813 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of TE Connectivity in the 3rd quarter worth approximately $2,419,000. Hedge funds and other institutional investors own 91.43% of the company's stock.

TE Connectivity Stock Down 1.5%

TEL stock opened at $214.36 on Friday. The firm's fifty day simple moving average is $218.03 and its 200-day simple moving average is $226.39. The company has a market capitalization of $62.90 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.07. TE Connectivity Ltd. has a 12 month low of $142.45 and a 12 month high of $252.56.

TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating 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 net margin of 15.54% and a return on equity of 23.56%. The business's revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, equities research analysts forecast that TE Connectivity Ltd. will post 11.27 earnings per share for the current year.

TE Connectivity declared that its board has initiated a stock repurchase plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a $0.78 dividend. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. This is an increase from TE Connectivity's previous quarterly dividend of $0.71. TE Connectivity's dividend payout ratio (DPR) is presently 40.98%.

Insider Activity at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of the business's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the business's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,345 shares of company stock worth $9,627,260 in the last three months. Company insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TEL. Wall Street Zen raised shares of TE Connectivity from a "buy" rating to a "strong-buy" rating in a research report on Sunday, January 11th. Weiss Ratings raised shares of TE Connectivity from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, February 6th. The Goldman Sachs Group set a $286.00 target price on shares of TE Connectivity in a research report on Wednesday. Jefferies Financial Group raised shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Finally, Barclays dropped their target price on shares of TE Connectivity from $302.00 to $297.00 and set an "overweight" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, TE Connectivity has an average rating of "Moderate Buy" and a consensus 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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