Arbejdsmarkedets Tillaegspension Acquires New Stake in TE Connectivity Ltd. $TEL

Arbejdsmarkedets Tillaegspension bought a new stake in TE Connectivity Ltd. (NYSE:TEL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 98,471 shares of the electronics maker’s stock, valued at approximately $22,403,000.

Several other hedge funds have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of TE Connectivity during the fourth quarter worth $25,000. Caitlin John LLC bought a new position in TE Connectivity in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity in the third quarter valued at $29,000. Geneos Wealth Management Inc. increased its stake in TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 127 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its stake in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 65 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors.

TE Connectivity Price Performance

TEL stock opened at $205.54 on Friday. The firm has a 50 day moving average price of $212.61 and a 200-day moving average price of $224.91. TE Connectivity Ltd. has a 52-week low of $155.37 and a 52-week high of $252.56. The firm has a market capitalization of $60.00 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are 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 issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is currently 29.01%.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock worth $6,211,332 in the last quarter. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TEL has been the topic of several analyst reports. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a report on Thursday, April 23rd. Wells Fargo & Company lifted their price objective on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. UBS Group decreased 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, April 23rd. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $256.57.

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.