M&T Bank Corp Has $379,000 Stock Position in TE Connectivity Ltd. $TEL

Key Points

• M&T Bank Corp cut its stake in TE Connectivity by 95% in Q4, selling 31,902 shares and ending the period with 1,665 shares worth $379,000.
• TE Connectivity authorized a $3.00 billion share repurchase program (up to 5% of shares) and raised its quarterly dividend to $0.78 (annualized $3.12, yield ~1.5%).
• Company insiders sold a total of 42,345 shares in the past three months (about $9.6 million), including notable transactions by Shadrak W. Kroeger and John S. Jenkins.

M&T Bank Corp reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 95.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,665 shares of the electronics maker's stock after selling 31,902 shares during the period. M&T Bank Corp's holdings in TE Connectivity were worth $379,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in TE Connectivity during the 3rd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new stake in TE Connectivity during the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its holdings in TE Connectivity by 189.6% during the 2nd 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. SOA Wealth Advisors LLC. raised its holdings in TE Connectivity by 47.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker's stock worth $37,000 after buying an additional 54 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in TE Connectivity during the 3rd quarter worth approximately $39,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the firm's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $233.82, for a total value of $2,197,908.00. Following the completion of the transaction, the insider directly owned 32,541 shares of the company's stock, valued at approximately $7,608,736.62. This trade represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the firm's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the transaction, the executive vice president directly owned 21,810 shares of the company's stock, valued at $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 42,345 shares of company stock valued at $9,627,260. 0.60% of the stock is owned by corporate insiders.

TE Connectivity Price Performance

Shares of TEL opened at $207.43 on Friday. The stock has a market capitalization of $60.55 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.47 and a beta of 1.18. TE Connectivity Ltd. has a twelve month low of $147.75 and a twelve month high of $252.56. The company has a 50 day moving average of $215.86 and a 200-day moving average of $226.07. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL - Get Free Report) last issued 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. The company had revenue of $4.74 billion during the quarter, compared to analysts' expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the business 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 11.28 EPS for the current fiscal year.

TE Connectivity declared that its board has authorized 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are 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. This is a boost from TE Connectivity's previous quarterly dividend of $0.71. 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. TE Connectivity's dividend payout ratio (DPR) is 29.01%.

Analysts Set New Price Targets

Several brokerages have commented on TEL. Jefferies Financial Group upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 15th. Zacks Research upgraded shares of TE Connectivity from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Wells Fargo & Company raised their price target on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 23rd. UBS Group decreased their price target on shares of TE Connectivity from $272.00 to $261.00 and set a "buy" rating for the company in a research note on Thursday, April 23rd. Finally, Oppenheimer raised their price target on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently 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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