Pictet Asset Management Holding SA Has $41.44 Million Position in TE Connectivity Ltd. $TEL

Pictet Asset Management Holding SA boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 28.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,117 shares of the electronics maker’s stock after purchasing an additional 40,634 shares during the quarter. Pictet Asset Management Holding SA’s holdings in TE Connectivity were worth $41,440,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in TE Connectivity by 26,798.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock worth $303,815,000 after acquiring an additional 1,378,787 shares during the period. Bank of America Corp DE grew its position 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 in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of TE Connectivity by 183.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock worth $348,184,000 after purchasing an additional 990,703 shares during the period. Balyasny Asset Management L.P. raised its position in shares of TE Connectivity by 243.2% in the third quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock valued at $298,383,000 after buying an additional 963,123 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of TE Connectivity by 44.4% in the third quarter. Capital International Investors now owns 2,626,754 shares of the electronics maker’s stock valued at $576,384,000 after buying an additional 807,702 shares during the period. Institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TEL shares. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a research report on Wednesday, April 22nd. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a research report on Thursday, April 23rd. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Barclays reduced their price objective on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a research note 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the completion of the transaction, the insider directly owned 32,541 shares in the company, valued at $7,608,736.62. This represents a 22.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 21,810 shares in the company, valued at $4,859,486.10. This represents a 22.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 42,345 shares of company stock valued at $9,627,260. 0.60% of the stock is currently owned by insiders.

TE Connectivity Stock Up 0.3%

NYSE TEL opened at $204.89 on Thursday. The business has a fifty day moving average price of $216.27 and a two-hundred day moving average price of $226.12. The stock has a market capitalization of $60.12 billion, a PE ratio of 20.93, a PEG ratio of 1.48 and a beta of 1.26. TE Connectivity Ltd. has a fifty-two week low of $142.45 and a fifty-two week high of $252.56. 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 (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. TE Connectivity’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities 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. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s payout ratio is presently 31.87%.

TE Connectivity announced that its board has authorized a stock buyback 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.