Prudential PLC Purchases 2,357 Shares of TE Connectivity Ltd. $TEL

Prudential PLC increased its position in TE Connectivity Ltd. (NYSE:TEL) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,628 shares of the electronics maker’s stock after purchasing an additional 2,357 shares during the quarter. Prudential PLC’s holdings in TE Connectivity were worth $2,873,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Gulf International Bank UK Ltd raised its stake in TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after buying an additional 44 shares during the period. Webster Bank N. A. increased its holdings in shares of TE Connectivity by 19.1% during the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock worth $65,000 after acquiring an additional 46 shares during the last quarter. CYBER HORNET ETFs LLC raised its stake in TE Connectivity by 5.6% in the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after acquiring an additional 47 shares during the period. Harbour Investments Inc. raised its stake in TE Connectivity by 4.2% in the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock valued at $271,000 after acquiring an additional 48 shares during the period. Finally, Contravisory Investment Management Inc. lifted its holdings in TE Connectivity by 1.6% during the 4th 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. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TEL shares. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. UBS Group cut their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Truist Financial cut their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $212.70 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $62.09 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. TE Connectivity Ltd. has a twelve month low of $162.17 and a twelve month high of $252.56. The company has a 50-day simple moving average of $214.26 and a two-hundred day simple moving average of $221.20.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.72 billion. During the same period last year, the firm earned $2.10 earnings per share. The business’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. Analysts forecast that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is presently 31.87%.

TE Connectivity declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 28,200 shares of company stock worth $6,140,644. 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.