Tredje AP fonden Buys 8,380 Shares of TE Connectivity Ltd. $TEL

Tredje AP fonden boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 42.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,160 shares of the electronics maker’s stock after acquiring an additional 8,380 shares during the period. Tredje AP fonden’s holdings in TE Connectivity were worth $6,407,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TEL. Webster Bank N. A. grew its holdings in shares of TE Connectivity by 19.1% during the fourth quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock worth $65,000 after buying an additional 46 shares in the last quarter. Great Lakes Advisors LLC grew its stake in shares of TE Connectivity by 3.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock worth $320,000 after acquiring an additional 48 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in TE Connectivity by 1.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,074 shares of the electronics maker’s stock valued at $699,000 after purchasing an additional 49 shares during the last quarter. Csenge Advisory Group increased its position in shares of TE Connectivity by 3.2% during the 3rd quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock worth $352,000 after purchasing an additional 50 shares during the last quarter. Finally, Security National Bank of SO Dak raised its stake in shares of TE Connectivity by 0.5% during the 2nd quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after purchasing an additional 50 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TEL. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. HSBC downgraded 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, April 23rd. Barclays decreased their price target 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. Oppenheimer lifted their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Trading Down 2.1%

NYSE TEL opened at $196.31 on Wednesday. The business’s 50-day moving average price is $212.21 and its two-hundred day moving average price is $224.26. TE Connectivity Ltd. has a 12 month low of $155.37 and a 12 month high of $252.56. The firm has a market capitalization of $57.30 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating the consensus estimate of $2.70 by $0.03. The company 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 firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, analysts expect that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TE Connectivity’s payout ratio is presently 31.87%.

TE Connectivity declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to buy up to 5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Wednesday, May 6th. 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 in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,200 shares of company stock worth $6,211,332 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.

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.