Aberdeen Group plc Raises Stock Position in TE Connectivity Ltd. $TEL

Aberdeen Group plc grew its holdings in TE Connectivity Ltd. (NYSE:TEL) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,084 shares of the electronics maker’s stock after purchasing an additional 3,031 shares during the quarter. Aberdeen Group plc owned 0.10% of TE Connectivity worth $65,542,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in TE Connectivity in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TE Connectivity in the 3rd quarter valued at about $29,000. Caldwell Trust Co purchased a new position in shares of TE Connectivity in the 2nd quarter valued at about $31,000. Geneos Wealth Management Inc. grew its position 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 buying an additional 127 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in shares of TE Connectivity by 47.4% during the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after buying an additional 54 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TEL has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on shares of TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Oppenheimer lifted their price target on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Finally, Truist Financial boosted their target price on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $249.47.

Insider Transactions at TE Connectivity

In other TE Connectivity news, SVP Reuben M. Shaffer sold 1,425 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the transaction, the executive vice president directly owned 21,810 shares of the company’s stock, valued at $4,859,486.10. This trade represents a 22.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,945 shares of company stock valued at $7,528,616 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $209.22 on Friday. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67. The company has a 50-day moving average price of $216.60 and a 200 day moving average price of $225.23. The company has a market cap of $61.39 billion, a P/E ratio of 30.19, a PEG ratio of 1.59 and a beta of 1.26. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The business also recently declared 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. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 22nd. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is 40.98%.

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 outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.