Mackenzie Financial Corp Acquires 120,493 Shares of TE Connectivity Ltd. $TEL

Mackenzie Financial Corp lifted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 98.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 242,446 shares of the electronics maker’s stock after acquiring an additional 120,493 shares during the quarter. Mackenzie Financial Corp owned 0.08% of TE Connectivity worth $53,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Magnetar Financial LLC purchased a new stake in TE Connectivity during the third quarter valued at about $1,034,000. Quadrant Capital Group LLC increased its holdings in shares of TE Connectivity by 0.9% in the third quarter. Quadrant Capital Group LLC now owns 10,039 shares of the electronics maker’s stock worth $2,204,000 after buying an additional 85 shares during the period. Tiemann Investment Advisors LLC bought a new stake in shares of TE Connectivity in the 3rd quarter valued at about $239,000. Capital World Investors boosted its holdings in TE Connectivity by 0.9% during the 3rd quarter. Capital World Investors now owns 1,180,913 shares of the electronics maker’s stock valued at $259,246,000 after acquiring an additional 10,675 shares during the period. Finally, Capital International Inc. CA boosted its holdings in TE Connectivity by 425.4% during the 3rd quarter. Capital International Inc. CA now owns 129,058 shares of the electronics maker’s stock valued at $28,332,000 after acquiring an additional 104,496 shares during the period. Institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total value of $333,777.75. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,945 shares of company stock valued at $7,528,616 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on TEL. UBS Group lifted their price target on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Truist Financial increased their price target on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a report on Thursday, January 22nd. TD Cowen restated a “buy” rating on shares of TE Connectivity in a research report on Monday, November 17th. Finally, Oppenheimer upped their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Stock Performance

Shares of TEL stock opened at $197.63 on Friday. The company’s fifty day moving average price is $226.21 and its 200-day moving average price is $225.73. The stock has a market cap of $57.99 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The company had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business earned $1.95 EPS. TE Connectivity’s quarterly revenue 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. On average, equities analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity announced that its Board of Directors has approved a stock buyback plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, May 22nd. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. TE Connectivity’s dividend payout ratio (DPR) is 40.98%.

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.