Rockefeller Capital Management L.P. Boosts Holdings in TE Connectivity Ltd. $TEL

Rockefeller Capital Management L.P. increased its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 34.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 773,242 shares of the electronics maker’s stock after purchasing an additional 197,369 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in TE Connectivity were worth $175,920,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of TE Connectivity during the fourth quarter worth about $25,000. Caitlin John LLC purchased a new stake in shares of TE Connectivity in the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TE Connectivity in the 3rd quarter valued at about $29,000. Commonwealth Retirement Investments LLC purchased a new position in TE Connectivity during the 4th quarter worth approximately $40,000. Finally, MV Capital Management Inc. acquired a new position in TE Connectivity during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

NYSE:TEL opened at $218.03 on Friday. The firm’s fifty day moving average price is $214.88 and its 200 day moving average price is $220.37. TE Connectivity Ltd. has a 1-year low of $162.17 and a 1-year 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. The firm has a market cap of $63.64 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data 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 net margin of 15.54% and a return on equity of 23.56%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. TE Connectivity’s quarterly 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. On average, sell-side analysts expect that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity announced that its board has approved a stock repurchase plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

TE Connectivity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio is currently 31.87%.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock worth $6,140,644 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of several research analyst reports. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Truist Financial decreased their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wells Fargo & Company upped their target price on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and an average target price of $256.79.

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.