Howland Capital Management LLC Reduces Stake in TE Connectivity Ltd. $TEL

Howland Capital Management LLC lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 203,652 shares of the electronics maker’s stock after selling 6,157 shares during the period. TE Connectivity makes up approximately 1.8% of Howland Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Howland Capital Management LLC’s holdings in TE Connectivity were worth $46,333,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TEL. Norges Bank purchased a new stake in TE Connectivity in the fourth quarter valued at approximately $938,706,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of TE Connectivity by 26,798.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock worth $303,815,000 after buying an additional 1,378,787 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after buying an additional 1,352,152 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of TE Connectivity by 183.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock worth $348,184,000 after buying an additional 990,703 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of TE Connectivity by 243.2% in the third 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 last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Stock Performance

TEL opened at $210.37 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The company has a market cap of $61.41 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.47 and a beta of 1.16. TE Connectivity Ltd. has a 52-week low of $162.17 and a 52-week high of $252.56. The firm’s fifty day simple moving average is $214.51 and its two-hundred day simple moving average is $220.63.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data 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 business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

TE Connectivity declared that its Board of Directors has authorized a share repurchase plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TEL shares. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a research note on Wednesday, April 22nd. Finally, Oppenheimer upped 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $256.57.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 28,200 shares of company stock valued at $6,140,644. Company insiders own 0.60% of the company’s stock.

TE Connectivity 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.