Archford Capital Strategies LLC bought a new stake in TE Connectivity Ltd. (NYSE:TEL – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,148 shares of the electronics maker’s stock, valued at approximately $3,219,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TEL. Caitlin John LLC acquired a new position in shares of TE Connectivity during the 3rd quarter worth about $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TE Connectivity in the 3rd quarter valued at approximately $29,000. Caldwell Trust Co bought a new position in TE Connectivity during the 2nd quarter worth approximately $31,000. Geneos Wealth Management Inc. grew its holdings in TE Connectivity by 189.6% during the second 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 during the period. Finally, SOA Wealth Advisors LLC. grew its holdings in TE Connectivity by 47.4% during the third 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 during the period. Institutional investors own 91.43% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on TEL. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Jefferies Financial Group restated a “buy” rating and issued a $250.00 price objective (down from $280.00) on shares of TE Connectivity in a research report on Tuesday. Wells Fargo & Company reduced their target price on TE Connectivity from $249.00 to $214.00 and set an “equal weight” rating on the stock in a report on Tuesday. UBS Group boosted their target price on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings raised TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.47.
TE Connectivity Price Performance
Shares of NYSE TEL opened at $208.78 on Wednesday. The firm has a market cap of $61.26 billion, a PE ratio of 30.13, a PEG ratio of 1.51 and a beta of 1.23. 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 1-year low of $116.30 and a 1-year high of $250.67. The company has a fifty day moving average price of $217.73 and a 200 day moving average price of $225.46.
TE Connectivity (NYSE:TEL – Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.17. The firm had revenue of $4.67 billion for 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 quarter last 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 fiscal year.
TE Connectivity Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 40.98%.
TE Connectivity announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Insider Activity
In other news, SVP Reuben M. Shaffer sold 1,425 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,780,179.52. The trade was a 26.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,945 shares of company stock worth $7,528,616 over the last ninety days. 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.
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