TE Connectivity Ltd. $TEL Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 8.1% in the 1st quarter, Holdings Channel reports. The firm owned 244,166 shares of the electronics maker’s stock after selling 21,590 shares during the period. The Manufacturers Life Insurance Company’s holdings in TE Connectivity were worth $51,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in TE Connectivity by 11.1% in the fourth quarter. Hsbc Holdings PLC now owns 230,034 shares of the electronics maker’s stock valued at $52,506,000 after purchasing an additional 23,074 shares in the last quarter. Man Group plc raised its stake 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 in the last quarter. Jefferies Financial Group Inc. lifted its holdings in shares of TE Connectivity by 575.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after buying an additional 31,096 shares during the last quarter. Swedbank AB grew its stake in shares of TE Connectivity by 8.1% in the 4th quarter. Swedbank AB now owns 84,831 shares of the electronics maker’s stock valued at $19,300,000 after buying an additional 6,385 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in TE Connectivity in the fourth quarter worth approximately $1,983,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the topic of several recent research reports. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup dropped their price target on shares of TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Barclays raised their price target on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Evercore reissued an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $251.15.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Stock Down 0.1%

TEL stock opened at $206.84 on Friday. The stock has a market capitalization of $59.88 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. The company has a 50-day moving average of $206.05 and a two-hundred day moving average of $214.29. TE Connectivity Ltd. has a 52-week low of $190.27 and a 52-week high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.88 and a quick ratio of 1.23.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.09. TE Connectivity had a return on equity of 24.59% and a net margin of 15.61%.The business had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 11.48 EPS for the current year.

TE Connectivity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s payout ratio is currently 30.59%.

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.