Robeco Institutional Asset Management B.V. Grows Stock Position in TE Connectivity Ltd. $TEL

Key Points

• Robeco Institutional Asset Management boosted its stake in TE Connectivity by 183.6% in Q4 to 1,530,414 shares (about 0.52% of the company), valued at roughly $348.2 million, and several other large institutions also materially increased positions, leaving institutional ownership at about 91.43%.
• TE Connectivity topped Q results with $2.72 EPS vs. $2.55 expected and revenue of $4.67 billion (+21.7% YoY); management set Q2 guidance at 2.65 EPS and analysts hold a Moderate Buy consensus with an average target of $249.47.
• The board approved a $3.0 billion share repurchase program (up to ~5% of shares) and raised the quarterly dividend to $0.78 ($3.12 annualized, ~1.4% yield), though insiders have sold 42,345 shares (~$9.63M) in the past 90 days (insider ownership ~0.6%).

Robeco Institutional Asset Management B.V. increased its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 183.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,530,414 shares of the electronics maker's stock after buying an additional 990,703 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.52% of TE Connectivity worth $348,184,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TEL. Arrowstreet Capital Limited Partnership grew its holdings in shares of TE Connectivity by 26,798.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker's stock worth $303,815,000 after purchasing an additional 1,378,787 shares during the period. Bank of America Corp DE grew its holdings in shares of TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker's stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of TE Connectivity by 243.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker's stock worth $298,383,000 after purchasing an additional 963,123 shares during the period. Capital International Investors grew its holdings in shares of TE Connectivity by 44.4% during the 3rd quarter. Capital International Investors now owns 2,626,754 shares of the electronics maker's stock worth $576,384,000 after purchasing an additional 807,702 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in shares of TE Connectivity by 595.5% during the 3rd quarter. Squarepoint Ops LLC now owns 732,181 shares of the electronics maker's stock worth $160,736,000 after purchasing an additional 626,914 shares during the period. Hedge funds and other institutional investors own 91.43% of the company's stock.

Insider Activity

In other news, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction dated 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 owned 21,810 shares in the company, valued at approximately $4,859,486.10. This represents a 22.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated 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 owned 32,541 shares in the company, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 42,345 shares of company stock worth $9,627,260. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TEL has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a report on Wednesday, January 21st. Jefferies Financial Group reissued a "buy" rating and set a $250.00 target price (down from $280.00) on shares of TE Connectivity in a research note on Tuesday, March 31st. Truist Financial increased their target price on TE Connectivity from $240.00 to $244.00 and gave the stock a "hold" rating in a research note on Thursday, January 22nd. Wells Fargo & Company decreased their target price on TE Connectivity from $249.00 to $214.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 31st. Finally, Wall Street Zen raised TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Sunday, January 11th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $249.47.

TE Connectivity Price Performance

TEL stock opened at $229.59 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The firm has a market capitalization of $67.37 billion, a P/E ratio of 33.13, a P/E/G ratio of 1.73 and a beta of 1.26. The business's 50-day moving average is $216.11 and its two-hundred day moving average is $225.44. TE Connectivity Ltd. has a 1 year low of $124.25 and a 1 year high of $250.67.

TE Connectivity (NYSE:TEL - Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the company earned $1.95 EPS. TE Connectivity's revenue for the quarter was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

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

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. This is an increase from TE Connectivity's previous quarterly dividend of $0.71. TE Connectivity's dividend payout ratio (DPR) is currently 40.98%.

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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