Vanguard Group Inc. grew its position in shares of TE Connectivity Ltd. (NYSE:TEL - Free Report) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,421,283 shares of the electronics maker's stock after purchasing an additional 168,142 shares during the period. Vanguard Group Inc. owned 13.09% of TE Connectivity worth $8,741,226,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Caitlin John LLC acquired a new stake in TE Connectivity during the third quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in TE Connectivity in the 3rd quarter valued at $29,000. SOA Wealth Advisors LLC. lifted its stake in shares of 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 purchasing an additional 54 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of TE Connectivity during the third quarter worth $39,000. Finally, JFS Wealth Advisors LLC grew its position in shares of TE Connectivity by 54.6% in the fourth 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 hedge funds and other institutional investors.
Insider Activity
In related news, SVP Reuben M. Shaffer sold 1,425 shares of TE Connectivity stock in a transaction 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 accessible through this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the sale, 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. 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 valued at $9,627,260. Company insiders own 0.60% of the company's stock.
TE Connectivity Stock Performance
Shares of NYSE:TEL opened at $214.36 on Monday. The business has a 50-day moving average of $218.03 and a two-hundred day moving average of $226.43. The firm has a market capitalization of $62.90 billion, a PE ratio of 21.90, a P/E/G ratio of 1.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. TE Connectivity Ltd. has a 12 month low of $142.45 and a 12 month high of $252.56.
TE Connectivity (NYSE:TEL - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.03. The business 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 company's revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, research analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.
TE Connectivity announced that its board has initiated a share repurchase plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership 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 given a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This is an increase from TE Connectivity's previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity's dividend payout ratio (DPR) is currently 29.01%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on TEL shares. Barclays reduced their target price on TE Connectivity from $302.00 to $297.00 and set an "overweight" rating on the stock in a research report on Thursday. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a report on Wednesday. Truist Financial cut their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a "hold" rating on the stock in a report on Thursday. Zacks Research cut shares of TE Connectivity from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 23rd. Finally, HSBC downgraded shares of TE Connectivity from a "buy" rating to a "hold" rating and set a $234.00 target price for the company. in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $256.57.
View Our Latest Report on TE Connectivity
TE Connectivity Company 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.
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