TE Connectivity (NYSE:TEL) Insider Sells $2,021,000.00 in Stock

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak Kroeger sold 9,400 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were 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 of the company’s stock, valued at $5,584,840. This trade represents 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.

TE Connectivity Stock Up 1.2%

TEL stock opened at $220.91 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. TE Connectivity Ltd. has a 52-week low of $161.50 and a 52-week high of $252.56. The company has a 50-day moving average of $214.21 and a two-hundred day moving average of $221.35. The stock has a market capitalization of $64.48 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the prior year, the company earned $2.10 earnings per share. The business’s quarterly revenue 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. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity declared that its Board of Directors has initiated a share 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 buy up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s payout ratio is presently 31.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TEL shares. 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. UBS Group reduced their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Barclays reduced their target price on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company increased their target price on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Truist Financial reduced their price objective on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and an average target price of $256.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new position in TE Connectivity during the fourth quarter worth about $25,000. Caitlin John LLC bought a new position in TE Connectivity during the third quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new position in TE Connectivity during the third quarter worth about $29,000. Geneos Wealth Management Inc. lifted its stake in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new position in TE Connectivity during the fourth quarter worth about $40,000. Institutional investors own 91.43% of the company’s stock.

TE Connectivity Company 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.