Diversify Wealth Management LLC Buys New Position in TE Connectivity Ltd. $TEL

Diversify Wealth Management LLC acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,515 shares of the electronics maker’s stock, valued at approximately $516,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Man Group plc grew its holdings in shares of 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 purchasing an additional 904,468 shares during the period. Jefferies Financial Group Inc. boosted its position in TE Connectivity by 575.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock worth $8,303,000 after acquiring an additional 31,096 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of TE Connectivity in the fourth quarter valued at $1,983,000. Swedbank AB raised its holdings in shares of TE Connectivity by 8.1% during the fourth quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock valued at $19,300,000 after acquiring an additional 6,385 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position 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 purchasing an additional 267,598 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on 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 transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Performance

Shares of TEL stock opened at $203.22 on Friday. TE Connectivity Ltd. has a 12 month low of $177.21 and a 12 month high of $252.56. The company’s fifty day simple moving average is $205.86 and its 200-day simple moving average is $215.96. The firm has a market cap of $59.32 billion, a PE ratio of 20.76, a P/E/G ratio of 1.42 and a beta of 1.17. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same period last year, the company earned $2.10 earnings per share. The business’s 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. Equities research analysts expect that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s payout ratio is 31.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TEL shares. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. UBS Group cut their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. 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. Citigroup dropped their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Monday. Finally, Evercore restated an “in-line” rating and issued a $230.00 price objective on shares of TE Connectivity in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.31.

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.