Heartland Advisors Inc. Has $10.99 Million Stock Position in TE Connectivity Ltd. $TEL

Heartland Advisors Inc. lowered its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 22.7% in the 4th quarter, HoldingsChannel reports. The firm owned 48,290 shares of the electronics maker’s stock after selling 14,160 shares during the period. Heartland Advisors Inc.’s holdings in TE Connectivity were worth $10,986,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in TE Connectivity in the fourth quarter valued at approximately $25,000. Caitlin John LLC acquired a new stake in TE Connectivity in the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new stake in TE Connectivity in the third quarter valued at approximately $29,000. Commonwealth Retirement Investments LLC acquired a new stake in TE Connectivity in the fourth quarter valued at approximately $40,000. Finally, JFS Wealth Advisors LLC grew its stake in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TEL. Oppenheimer raised their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. The Goldman Sachs Group set a $286.00 price objective on TE Connectivity in a research note on Wednesday, April 22nd. UBS Group reduced their price objective on 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 cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, HSBC lowered TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock worth $6,140,644 in the last 90 days. Company insiders own 0.60% of the company’s stock.

TE Connectivity Stock Down 4.1%

TEL stock opened at $202.30 on Thursday. TE Connectivity Ltd. has a twelve month low of $162.17 and a twelve month high of $252.56. 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’s 50 day moving average is $214.55 and its 200-day moving average is $220.78. The firm has a market capitalization of $59.05 billion, a PE ratio of 20.66, a P/E/G ratio of 1.49 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share 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 company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter last year, the company earned $2.10 earnings per share. The company’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. Sell-side analysts expect that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is 31.87%.

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

About TE Connectivity

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.