Park Avenue Securities LLC Has $5.29 Million Holdings in TE Connectivity Ltd. $TEL

Park Avenue Securities LLC increased its holdings in TE Connectivity Ltd. (NYSE:TEL) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,232 shares of the electronics maker’s stock after purchasing an additional 5,665 shares during the period. Park Avenue Securities LLC’s holdings in TE Connectivity were worth $5,285,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dodge & Cox lifted its position in shares of TE Connectivity by 6.3% in the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after buying an additional 1,017,323 shares during the last quarter. State Street Corp increased its holdings in shares of TE Connectivity by 0.8% during the 3rd quarter. State Street Corp now owns 13,028,927 shares of the electronics maker’s stock valued at $2,860,244,000 after acquiring an additional 100,194 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of TE Connectivity by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock valued at $1,185,474,000 after acquiring an additional 464,853 shares in the last quarter. Bank of America Corp DE raised its stake in shares of TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after acquiring an additional 1,352,152 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in TE Connectivity by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,259,441 shares of the electronics maker’s stock worth $935,075,000 after purchasing an additional 122,994 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TEL shares. Oppenheimer upped their target price on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Truist Financial boosted their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. The Goldman Sachs Group set a $306.00 target price on shares of TE Connectivity in a research note on Wednesday, January 21st. Finally, Barclays lifted their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Stock Down 1.4%

Shares of TEL stock opened at $195.70 on Friday. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. 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 firm has a market cap of $57.42 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The stock has a 50 day moving average of $222.47 and a 200-day moving average of $225.58.

TE Connectivity (NYSE:TEL) last announced 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. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the company posted $1.95 earnings per share. TE Connectivity’s quarterly revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a $0.78 dividend. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.6%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

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

Insider Transactions at TE Connectivity

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the completion of the sale, the insider owned 32,541 shares of the company’s stock, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 32,945 shares of company stock worth $7,528,616. 0.60% of the stock is currently owned by company insiders.

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.