Aquatic Capital Management LLC Purchases New Shares in TE Connectivity Ltd. $TEL

Aquatic Capital Management LLC acquired a new stake in shares of TE Connectivity Ltd. (NYSE:TEL) during the third quarter, HoldingsChannel reports. The fund acquired 82,906 shares of the electronics maker’s stock, valued at approximately $18,200,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of TE Connectivity by 1.1% during the second quarter. Vanguard Group Inc. now owns 38,292,320 shares of the electronics maker’s stock valued at $6,458,766,000 after buying an additional 410,910 shares during the period. Dodge & Cox lifted its holdings in TE Connectivity by 6.3% in the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after buying an additional 1,017,323 shares during the period. State Street Corp boosted its position in TE Connectivity by 0.8% during the 2nd quarter. State Street Corp now owns 12,928,733 shares of the electronics maker’s stock valued at $2,180,693,000 after acquiring an additional 100,040 shares in the last quarter. Ameriprise Financial Inc. boosted its position in TE Connectivity by 7.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock valued at $1,185,474,000 after acquiring an additional 464,853 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares during the period. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TEL has been the subject of a number of research analyst reports. Barclays raised their target price on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. UBS Group raised their price objective on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Truist Financial boosted their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Wells Fargo & Company increased their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.93.

TE Connectivity Trading Up 0.8%

TE Connectivity stock opened at $199.35 on Friday. TE Connectivity Ltd. has a 12 month low of $116.30 and a 12 month high of $250.67. The company has a market capitalization of $58.50 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. The business’s fifty day simple moving average is $225.53 and its two-hundred day simple moving average is $225.82. 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 (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.17. The firm had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the company earned $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.6%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s dividend payout ratio is presently 40.98%.

TE Connectivity declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $233.82, for a total value of $2,197,908.00. Following the completion of the transaction, the insider directly owned 32,541 shares in the company, valued at $7,608,736.62. The trade was a 22.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were 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. Over the last 90 days, insiders have sold 32,945 shares of company stock worth $7,528,616. Corporate insiders own 0.60% of the company’s stock.

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.