TE Connectivity Ltd. $TEL Position Increased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in TE Connectivity by 10.4% in Q4, adding 173,508 shares to hold 1,836,123 shares worth about $419.94 million (≈0.62% of the company).
• TE Connectivity beat quarterly estimates with EPS of $2.72 (vs. $2.55) and revenue of $4.67 billion (up 21.7% YoY), and its board authorized a $3.0 billion buyback (up to 5% of shares) while raising the quarterly dividend to $0.78 ($3.12 annual).
• Corporate insiders sold 32,945 shares worth about $7.53 million over the last three months (insiders own ~0.60%), while institutional investors hold roughly 91.4% of the stock.

Nordea Investment Management AB grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,836,123 shares of the electronics maker's stock after purchasing an additional 173,508 shares during the period. Nordea Investment Management AB owned 0.62% of TE Connectivity worth $419,940,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Caitlin John LLC acquired a new stake in TE Connectivity during the third quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity in the third quarter worth about $29,000. SOA Wealth Advisors LLC. boosted its stake in TE Connectivity by 47.4% in the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker's stock valued at $37,000 after acquiring an additional 54 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in shares of TE Connectivity during the third quarter valued at approximately $39,000. Finally, Neo Ivy Capital Management bought a new position in shares of TE Connectivity during the second quarter valued at approximately $30,000. 91.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Reuben M. Shaffer sold 1,425 shares of the firm's stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John S. Jenkins sold 6,155 shares of the business's stock in a transaction that occurred 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,945 shares of company stock worth $7,528,616 over the last three months. Corporate insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TEL shares. Weiss Ratings raised TE Connectivity from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, February 6th. Wall Street Zen upgraded TE Connectivity from a "buy" rating to a "strong-buy" rating in a research note on Sunday, January 11th. Oppenheimer raised their target price on TE Connectivity from $270.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. The Goldman Sachs Group set a $306.00 price target on shares of TE Connectivity in a report on Wednesday, January 21st. Finally, Barclays upped their price target on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an "overweight" rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $251.93.

TE Connectivity Stock Performance

Shares of TEL stock opened at $195.70 on Friday. TE Connectivity Ltd. has a 12-month low of $116.30 and a 12-month high of $250.67. 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 $57.42 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The business has a 50 day simple moving average of $222.47 and a 200 day simple moving average of $225.58.

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

TE Connectivity declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. 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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