United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $41.25 Million Position in TE Connectivity Ltd. $TEL

Key Points

• United Super Pty Ltd boosted its TE Connectivity stake by 1,386.3% in the fourth quarter, ending with 181,326 shares valued at about $41.25 million.
• TE Connectivity reported better-than-expected quarterly results, with EPS of $2.73 and revenue of $4.74 billion, both slightly ahead of analyst estimates. Revenue rose 14.4% year over year.
• The company raised its quarterly dividend to $0.78 per share and also authorized a $3 billion share repurchase program, signaling confidence in its financial position.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its stake in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 1,386.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,326 shares of the electronics maker's stock after buying an additional 169,126 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of TE Connectivity worth $41,253,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TEL. Kohmann Bosshard Financial Services LLC acquired a new position in shares of TE Connectivity during the 4th quarter worth about $25,000. Caitlin John LLC acquired a new position in shares of TE Connectivity in the 3rd quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TE Connectivity in the 3rd quarter valued at approximately $29,000. Geneos Wealth Management Inc. grew its position in shares of TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 127 shares during the period. Finally, JFS Wealth Advisors LLC grew its position in shares of TE Connectivity by 54.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker's stock valued at $42,000 after purchasing an additional 65 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Stock Up 1.0%

NYSE:TEL opened at $210.85 on Friday. The firm has a market capitalization of $61.55 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.48 and a beta of 1.18. TE Connectivity Ltd. has a twelve month low of $158.09 and a twelve month high of $252.56. The stock's 50 day moving average price is $212.58 and its two-hundred day moving average price is $222.32. 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 posted 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 firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. 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. TE Connectivity's payout ratio is presently 31.87%.

TE Connectivity declared that its board has authorized a share repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

TEL has been the subject of several research analyst reports. Truist Financial decreased their price objective on TE Connectivity from $244.00 to $240.00 and set a "hold" rating for the company in a research report on Thursday, April 23rd. Zacks Research upgraded TE Connectivity from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. HSBC lowered TE Connectivity from a "buy" rating to a "hold" rating and set a $234.00 price objective for the company. in a research report on Thursday, April 23rd. Oppenheimer boosted their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Finally, Barclays decreased their price objective 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. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.57.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares of the company's stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 28,200 shares of company stock worth $6,211,332. 0.60% of the stock is currently owned by insiders.

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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