Meyer Handelman Co. Has $20.05 Million Stock Position in TE Connectivity Ltd. $TEL

Meyer Handelman Co. lessened its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,950 shares of the electronics maker’s stock after selling 3,000 shares during the quarter. Meyer Handelman Co.’s holdings in TE Connectivity were worth $20,055,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in TE Connectivity during the 4th quarter worth approximately $25,000. Caitlin John LLC acquired a new position in shares of TE Connectivity in the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TE Connectivity during the third quarter worth $29,000. Geneos Wealth Management Inc. raised its holdings in shares of TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of TE Connectivity during the fourth quarter worth $40,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TEL shares. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a research note on Thursday, April 23rd. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their price objective on TE Connectivity from $226.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, 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 note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.93.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was 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 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 SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 28,200 shares of company stock valued at $6,140,644. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 0.7%

TE Connectivity stock opened at $200.01 on Friday. The firm has a 50-day moving average of $212.59 and a 200-day moving average of $219.53. TE Connectivity Ltd. has a one year low of $166.58 and a one 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 company has a market cap of $58.38 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.40 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $2.10 earnings per share. 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, equities analysts expect that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. TE Connectivity’s dividend payout ratio is currently 31.87%.

TE Connectivity declared that its board has authorized a stock 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 purchase up to 5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are 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.