Ameriprise Financial Inc. Decreases Holdings in TE Connectivity Ltd. $TEL

Ameriprise Financial Inc. decreased its stake in TE Connectivity Ltd. (NYSE:TEL) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,739,609 shares of the electronics maker’s stock after selling 288,771 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.29% of TE Connectivity worth $1,479,601,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TEL. Brighton Jones LLC acquired a new stake in TE Connectivity in the 4th quarter worth about $820,000. Sivia Capital Partners LLC raised its holdings in shares of TE Connectivity by 66.7% during the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after acquiring an additional 1,007 shares during the last quarter. Prospera Financial Services Inc lifted its position in shares of TE Connectivity by 2.4% in the second quarter. Prospera Financial Services Inc now owns 2,848 shares of the electronics maker’s stock valued at $481,000 after acquiring an additional 68 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of TE Connectivity in the second quarter worth approximately $758,000. Finally, Allworth Financial LP boosted its stake in shares of TE Connectivity by 68.1% in the second quarter. Allworth Financial LP now owns 2,422 shares of the electronics maker’s stock worth $409,000 after acquiring an additional 981 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the 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 completion of the transaction, the insider directly owned 32,541 shares in the company, valued at approximately $7,608,736.62. This represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total value of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 32,945 shares of company stock worth $7,528,616. Insiders own 0.60% of the company’s stock.

TE Connectivity Trading Up 0.8%

Shares of TEL stock opened at $199.35 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67. The company’s 50-day moving average price is $225.53 and its 200-day moving average price is $225.82. The stock has a market cap of $58.50 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.52 and a beta of 1.23.

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

TE Connectivity declared that its board has approved a share buyback plan on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

TE Connectivity Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays increased their price objective on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Oppenheimer raised their price target on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Finally, Wells Fargo & Company upped their price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research note 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.93.

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.