John G Ullman & Associates Inc. Sells 3,402 Shares of TE Connectivity Ltd. $TEL

John G Ullman & Associates Inc. lessened its position in TE Connectivity Ltd. (NYSE:TEL) by 3.3% during the fourth quarter, Holdings Channel reports. The fund owned 98,817 shares of the electronics maker’s stock after selling 3,402 shares during the quarter. TE Connectivity comprises approximately 3.0% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 5th largest position. John G Ullman & Associates Inc.’s holdings in TE Connectivity were worth $22,482,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TEL. Dana Investment Advisors Inc. increased its stake in TE Connectivity by 7.5% during the 4th quarter. Dana Investment Advisors Inc. now owns 5,290 shares of the electronics maker’s stock valued at $1,204,000 after buying an additional 371 shares during the period. Qsemble Capital Management LP boosted its position in shares of TE Connectivity by 110.6% during the 4th quarter. Qsemble Capital Management LP now owns 25,597 shares of the electronics maker’s stock valued at $5,824,000 after purchasing an additional 13,444 shares in the last quarter. AlphaCore Capital LLC boosted its position in shares of TE Connectivity by 10.9% during the 4th quarter. AlphaCore Capital LLC now owns 3,558 shares of the electronics maker’s stock valued at $809,000 after purchasing an additional 349 shares in the last quarter. DNB Asset Management AS boosted its position in shares of TE Connectivity by 1.7% during the 4th quarter. DNB Asset Management AS now owns 60,386 shares of the electronics maker’s stock valued at $13,738,000 after purchasing an additional 997 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TE Connectivity by 2,766.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock worth $63,082,000 after buying an additional 267,598 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TEL shares. Oppenheimer raised their target price on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. HSBC cut 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. Truist Financial reduced their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Stock Down 0.6%

TEL opened at $205.54 on Friday. TE Connectivity Ltd. has a fifty-two week low of $155.37 and a fifty-two week high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The firm’s fifty day moving average price is $212.61 and its two-hundred day moving average price is $224.91. The company has a market capitalization of $60.00 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.45 and a beta of 1.18.

TE Connectivity (NYSE:TEL) last issued its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating 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 the consensus estimate of $4.72 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The firm’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. On average, analysts anticipate that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.78 dividend. The ex-dividend date is Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio is presently 31.87%.

TE Connectivity declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 28,200 shares of company stock worth $6,211,332. 0.60% of the stock is owned by corporate 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.