Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in TE Connectivity Ltd. (NYSE:TEL - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 627,878 shares of the electronics maker's stock after acquiring an additional 33,349 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of TE Connectivity worth $146,434,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in TEL. Kohmann Bosshard Financial Services LLC purchased a new position in shares of TE Connectivity during the 4th quarter worth about $25,000. Caitlin John LLC purchased a new position in shares of TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TE Connectivity during the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its position in shares of TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock valued at $33,000 after buying an additional 127 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of TE Connectivity during the third quarter valued at approximately $39,000. 91.43% of the stock is owned by hedge funds and other institutional investors.
TE Connectivity Stock Performance
Shares of NYSE:TEL opened at $215.97 on Thursday. The company has a market capitalization of $63.04 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. TE Connectivity Ltd. has a 52 week low of $147.80 and a 52 week high of $252.56. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $215.01 and a 200 day moving average of $225.94.
TE Connectivity (NYSE:TEL - Get Free Report) last issued 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 company had revenue of $4.74 billion during 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%. TE Connectivity's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, sell-side analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal 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 outstanding shares. This repurchase authorization permits the electronics maker to purchase up to 5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
TE Connectivity Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This is a boost from TE Connectivity's previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. TE Connectivity's payout ratio is currently 29.01%.
Insider Transactions at TE Connectivity
In other news, SVP Reuben M. Shaffer sold 1,425 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the company's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the transaction, the executive vice president directly owned 21,810 shares in the company, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 42,345 shares of company stock valued at $9,627,260. Corporate insiders own 0.60% of the company's stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Oppenheimer boosted their target price on TE Connectivity from $270.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Barclays dropped their target price on TE Connectivity from $302.00 to $297.00 and set an "overweight" rating for the company in a research report on Thursday, April 23rd. Weiss Ratings upgraded TE Connectivity from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, April 29th. UBS Group lowered their price target on TE Connectivity from $272.00 to $261.00 and set a "buy" rating for the company in a report on Thursday, April 23rd. Finally, Truist Financial lowered their price target on TE Connectivity from $244.00 to $240.00 and set a "hold" rating for the company in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $256.57.
Check Out Our Latest Analysis on TE Connectivity
TE Connectivity Profile
(
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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