Gabelli Funds LLC Has $22.71 Million Stock Holdings in TE Connectivity Ltd. $TEL

Gabelli Funds LLC trimmed its holdings in TE Connectivity Ltd. (NYSE:TEL) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,800 shares of the electronics maker’s stock after selling 9,900 shares during the quarter. Gabelli Funds LLC’s holdings in TE Connectivity were worth $22,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TEL. Arrowstreet Capital Limited Partnership lifted its stake in shares of TE Connectivity by 26,798.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock valued at $303,815,000 after purchasing an additional 1,378,787 shares during the period. Bank of America Corp DE lifted 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 purchasing an additional 1,352,152 shares during the period. Robeco Institutional Asset Management B.V. increased its position in TE Connectivity by 183.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock valued at $348,184,000 after buying an additional 990,703 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in TE Connectivity by 243.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock worth $298,383,000 after buying an additional 963,123 shares during the period. Finally, Capital International Investors raised its stake in TE Connectivity by 44.4% during the 3rd quarter. Capital International Investors now owns 2,626,754 shares of the electronics maker’s stock worth $576,384,000 after buying an additional 807,702 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TEL shares. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Wells Fargo & Company upped their price target on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Finally, HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $200.20 on Tuesday. The company has a market cap of $58.44 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18. TE Connectivity Ltd. has a 52 week low of $155.37 and a 52 week high of $252.56. The business has a 50 day moving average price of $212.41 and a 200-day moving average price of $224.57. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

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

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a $0.78 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. 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. TE Connectivity’s dividend payout ratio is currently 29.01%.

TE Connectivity declared that its board has initiated a stock repurchase plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock valued at $6,211,332 over the last three months. Corporate insiders own 0.60% of the company’s stock.

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.