Jefferies Financial Group Inc. Raises Stake in TE Connectivity Ltd. $TEL

Jefferies Financial Group Inc. raised its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 575.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 36,496 shares of the electronics maker’s stock after purchasing an additional 31,096 shares during the period. Jefferies Financial Group Inc.’s holdings in TE Connectivity were worth $8,303,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in TE Connectivity during the fourth quarter valued at approximately $25,000. Caitlin John LLC bought a new stake in shares of TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TE Connectivity during the third quarter valued at approximately $29,000. Geneos Wealth Management Inc. raised its position in shares of TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after buying an additional 127 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of TE Connectivity by 54.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

TE Connectivity Trading Up 0.0%

Shares of TEL opened at $202.83 on Monday. The company’s fifty day moving average is $212.04 and its 200 day moving average is $223.34. TE Connectivity Ltd. has a fifty-two week low of $155.37 and a fifty-two week high of $252.56. The stock has a market capitalization of $59.21 billion, a PE ratio of 20.72, a P/E/G ratio of 1.44 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 announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the previous year, the business posted $2.10 earnings per share. TE Connectivity’s quarterly revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Sell-side analysts expect 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. Investors of record on Friday, May 22nd will be given 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 yield of 1.5%. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio (DPR) is presently 29.01%.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TEL shares. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research report on Wednesday, April 22nd. Oppenheimer lifted their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Truist Financial reduced their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus target price of $256.57.

Insiders Place Their Bets

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,200 shares of company stock valued at $6,211,332 in the last quarter. 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.