Advisors Capital Management LLC Lowers Stock Position in TE Connectivity Ltd. $TEL

Advisors Capital Management LLC lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,409 shares of the electronics maker’s stock after selling 2,538 shares during the quarter. Advisors Capital Management LLC’s holdings in TE Connectivity were worth $29,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TEL. Caitlin John LLC purchased a new stake in TE Connectivity in the 3rd quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new stake in TE Connectivity in the 3rd quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its holdings in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 127 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in TE Connectivity by 47.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in TE Connectivity in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Price Performance

TEL stock opened at $214.36 on Friday. The firm has a 50 day moving average of $218.03 and a 200-day moving average of $226.42. TE Connectivity Ltd. has a 12-month low of $142.45 and a 12-month high of $252.56. The company has a current ratio of 1.89, a quick ratio of 1.07 and a debt-to-equity ratio of 0.42. The company has a market cap of $62.90 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.54 and a beta of 1.26.

TE Connectivity (NYSE:TEL) last posted its quarterly 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 net margin of 15.54% and a return on equity of 23.56%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the firm earned $2.10 EPS. 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. As a group, equities analysts expect that TE Connectivity Ltd. will post 11.27 EPS for the current fiscal year.

TE Connectivity declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to purchase up to 5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

TE Connectivity Increases Dividend

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

Insider Buying and Selling

In related news, EVP John S. Jenkins sold 6,155 shares of TE Connectivity stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $233.82, for a total value of $2,197,908.00. Following the transaction, the insider owned 32,541 shares of the company’s stock, valued at $7,608,736.62. This represents a 22.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,345 shares of company stock worth $9,627,260 in the last ninety days. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

TEL has been the topic of a number of analyst reports. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. UBS Group lowered their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $256.57.

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.