TE Connectivity Ltd. $TEL Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 26,798.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,383,932 shares of the electronics maker’s stock after buying an additional 1,378,787 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.47% of TE Connectivity worth $303,815,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TEL. Caitlin John LLC acquired a new stake in TE Connectivity in the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TE Connectivity during the third quarter worth about $29,000. SOA Wealth Advisors LLC. boosted its position in shares of TE Connectivity by 47.4% in 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. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of TE Connectivity in the third quarter valued at about $39,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of TE Connectivity in the second quarter valued at about $30,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Stock Performance

Shares of TEL opened at $197.63 on Friday. The firm has a market cap of $57.99 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 1.56 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $226.21 and its two-hundred day moving average is $225.73. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share 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 net margin of 11.41% and a return on equity of 22.72%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business 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 $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 22nd. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is presently 40.98%.

TE Connectivity announced that its Board of Directors has authorized a share buyback 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 generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

TEL has been the topic of several recent research reports. Barclays boosted their price target on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Truist Financial increased their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company raised their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $251.93.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $222.52, for a total value of $2,091,688.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,780,179.52. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the sale, the executive vice president owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 32,945 shares of company stock valued at $7,528,616. Insiders own 0.60% of the company’s stock.

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.