TE Connectivity Ltd. $TEL Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,813,413 shares of the electronics maker’s stock after selling 48,053 shares during the period. Janus Henderson Group PLC’s holdings in TE Connectivity were worth $587,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in TEL. Hsbc Holdings PLC grew its holdings in shares of TE Connectivity by 11.1% during the 4th quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock worth $52,506,000 after purchasing an additional 23,074 shares during the period. Man Group plc lifted its holdings in TE Connectivity by 259.9% during the 4th quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock worth $284,941,000 after buying an additional 904,468 shares in the last quarter. Jefferies Financial Group Inc. raised its holdings in TE Connectivity by 575.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after acquiring an additional 31,096 shares in the last quarter. Swedbank AB grew its holdings in TE Connectivity by 8.1% during the 4th quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock worth $19,300,000 after acquiring an additional 6,385 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in TE Connectivity during the 4th quarter worth approximately $1,983,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TEL shares. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a report on Wednesday, April 22nd. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price for the company. in a research note on Thursday, April 23rd. UBS Group reissued a “buy” rating and issued a $241.00 target price on shares of TE Connectivity in a report on Thursday, July 23rd. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wall Street Zen raised TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.15.

TE Connectivity Stock Down 3.6%

TEL stock opened at $206.63 on Thursday. The stock has a market cap of $59.82 billion, a P/E ratio of 20.26, a PEG ratio of 1.43 and a beta of 1.17. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a twelve month low of $190.27 and a twelve month high of $252.56. The company’s 50 day moving average is $205.96 and its two-hundred day moving average is $214.47.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.09. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.01 billion. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.27 EPS. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. Research analysts expect that TE Connectivity Ltd. will post 11.48 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 dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is presently 30.59%.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider owned 25,976 shares in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.