TE Connectivity Ltd. $TEL Stock Position Trimmed by Vantage Wealth

Vantage Wealth decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 101,310 shares of the electronics maker’s stock after selling 7,400 shares during the period. TE Connectivity makes up approximately 5.0% of Vantage Wealth’s investment portfolio, making the stock its 3rd largest holding. Vantage Wealth’s holdings in TE Connectivity were worth $23,049,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Donaldson Capital Management LLC boosted its stake in shares of TE Connectivity by 5.2% in the fourth quarter. Donaldson Capital Management LLC now owns 1,543 shares of the electronics maker’s stock valued at $351,000 after buying an additional 76 shares in the last quarter. Barnes Dennig Private Wealth Management LLC raised its position in TE Connectivity by 45.5% in the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 259 shares of the electronics maker’s stock worth $59,000 after acquiring an additional 81 shares in the last quarter. Eastern Bank lifted its holdings in TE Connectivity by 95.5% in the fourth quarter. Eastern Bank now owns 1,730 shares of the electronics maker’s stock valued at $394,000 after acquiring an additional 845 shares during the period. Exchange Traded Concepts LLC lifted its holdings in TE Connectivity by 12.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 9,133 shares of the electronics maker’s stock valued at $2,078,000 after acquiring an additional 1,020 shares during the period. Finally, JFS Wealth Advisors LLC boosted its position in shares of TE Connectivity by 54.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 65 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $222.52, for a total value of $2,091,688.00. Following the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,780,179.52. This trade represents a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Reuben M. Shaffer sold 1,425 shares of TE Connectivity stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.23, for a total value of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,945 shares of company stock valued at $7,528,616 over the last quarter. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Truist Financial boosted their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Wells Fargo & Company upped their target price on shares of TE Connectivity from $245.00 to $249.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.93.

TE Connectivity Stock Performance

NYSE:TEL opened at $202.59 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The firm has a market cap of $59.44 billion, a PE ratio of 29.23, a P/E/G ratio of 1.54 and a beta of 1.23. The firm has a 50 day simple moving average of $219.07 and a 200-day simple moving average of $225.56. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. TE Connectivity’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 earnings per share. 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 year.

TE Connectivity announced that its board has initiated a stock buyback program on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

TE Connectivity Increases Dividend

The firm also recently disclosed 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. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. TE Connectivity’s payout ratio 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.