Danske Bank A S Takes $85.94 Million Position in TE Connectivity Ltd. $TEL

Danske Bank A S bought a new position in TE Connectivity Ltd. (NYSE:TEL) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 391,474 shares of the electronics maker’s stock, valued at approximately $85,940,000.

A number of other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in shares of TE Connectivity by 1.0% during the 3rd quarter. Advisory Services Network LLC now owns 8,473 shares of the electronics maker’s stock worth $1,860,000 after buying an additional 80 shares during the period. Integrated Investment Consultants LLC acquired a new position in TE Connectivity during the 3rd quarter worth $242,000. Hancock Whitney Corp acquired a new stake in shares of TE Connectivity in the third quarter valued at about $221,000. Abel Hall LLC bought a new position in shares of TE Connectivity in the third quarter worth about $231,000. Finally, Morningstar Investment Management LLC acquired a new position in shares of TE Connectivity during the 3rd quarter worth about $4,080,000. Institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TEL. Barclays lifted their price target on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. Finally, Truist Financial boosted their price target on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.93.

TE Connectivity Price Performance

Shares of TE Connectivity stock opened at $204.40 on Wednesday. The firm has a market cap of $59.98 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The firm’s 50-day simple moving average is $224.44 and its 200-day simple moving average is $225.90. TE Connectivity Ltd. has a twelve month low of $116.30 and a twelve month high of $250.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter last year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

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

Insider Transactions at TE Connectivity

In other news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $222.81, for a total value of $1,371,395.55. Following the completion of the transaction, the executive vice president directly owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 32,945 shares of company stock valued at $7,528,616. 0.60% of the stock is owned by insiders.

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.