Banque Cantonale Vaudoise Purchases 7,900 Shares of TE Connectivity Ltd. $TEL

Banque Cantonale Vaudoise boosted its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 484.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,530 shares of the electronics maker’s stock after buying an additional 7,900 shares during the quarter. Banque Cantonale Vaudoise’s holdings in TE Connectivity were worth $2,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its stake in shares of TE Connectivity by 9.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 863 shares of the electronics maker’s stock valued at $196,000 after acquiring an additional 73 shares during the last quarter. Hardy Reed LLC increased its stake in shares of TE Connectivity by 3.3% in the 4th quarter. Hardy Reed LLC now owns 4,160 shares of the electronics maker’s stock valued at $946,000 after acquiring an additional 132 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of TE Connectivity in the 4th quarter valued at about $5,810,000. PNC Financial Services Group Inc. increased its stake in shares of TE Connectivity by 2.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 120,261 shares of the electronics maker’s stock valued at $27,361,000 after acquiring an additional 3,391 shares during the last quarter. Finally, Tredje AP fonden increased its stake in shares of TE Connectivity by 42.4% in the 4th quarter. Tredje AP fonden now owns 28,160 shares of the electronics maker’s stock valued at $6,407,000 after acquiring an additional 8,380 shares during the last quarter. 91.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TEL. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a research note on Thursday, April 23rd. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Oppenheimer increased their target price on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.57.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total transaction 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 trade represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 28,200 shares of company stock worth $6,211,332. 0.60% of the stock is owned by company insiders.

TE Connectivity Price Performance

NYSE TEL opened at $202.47 on Friday. The business has a 50 day simple moving average of $212.09 and a 200 day simple moving average of $223.65. TE Connectivity Ltd. has a 52-week low of $155.37 and a 52-week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The stock has a market cap of $59.10 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.43 and a beta of 1.18.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the prior year, the business earned $2.10 EPS. TE Connectivity’s revenue for the quarter was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. 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 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 29.01%.

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

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.