Natixis Advisors LLC Sells 29,888 Shares of TE Connectivity Ltd. $TEL

Natixis Advisors LLC lessened its stake in TE Connectivity Ltd. (NYSE:TEL) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,476 shares of the electronics maker’s stock after selling 29,888 shares during the period. Natixis Advisors LLC’s holdings in TE Connectivity were worth $29,913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TEL. Kohmann Bosshard Financial Services LLC bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $25,000. Caitlin John LLC bought a new stake in shares of TE Connectivity during the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TE Connectivity during the 3rd quarter valued at about $29,000. Geneos Wealth Management Inc. boosted its position in shares of TE Connectivity by 189.6% during 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 in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of TE Connectivity by 54.6% during 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 in the last quarter. Institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Monday, June 1st. 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. This represents a 26.57% decrease in their position. The transaction was disclosed in a 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 90 days, insiders sold 28,200 shares of company stock worth $6,140,644. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Up 1.2%

TEL stock opened at $220.91 on Friday. The stock’s 50 day simple moving average is $214.21 and its 200 day simple moving average is $221.35. TE Connectivity Ltd. has a fifty-two week low of $161.50 and a fifty-two week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The company has a market cap of $64.48 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share 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 business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the prior year, the business earned $2.10 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, research analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

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

TE Connectivity Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s dividend payout ratio (DPR) is currently 31.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group cut their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Wells Fargo & Company upped their target price on TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Company 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.