Vest Financial LLC Buys 3,944 Shares of TE Connectivity Ltd. $TEL

Vest Financial LLC boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 47.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,247 shares of the electronics maker’s stock after acquiring an additional 3,944 shares during the quarter. Vest Financial LLC’s holdings in TE Connectivity were worth $2,786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC lifted its stake in TE Connectivity by 7.4% in the 4th quarter. Wealthfront Advisers LLC now owns 35,733 shares of the electronics maker’s stock valued at $8,130,000 after purchasing an additional 2,448 shares during the last quarter. Certuity LLC lifted its stake in TE Connectivity by 5.5% in the 4th quarter. Certuity LLC now owns 2,619 shares of the electronics maker’s stock valued at $596,000 after purchasing an additional 137 shares during the last quarter. Torren Management LLC bought a new position in TE Connectivity in the 4th quarter valued at approximately $79,000. R Squared Ltd lifted its stake in TE Connectivity by 54.0% in the 4th quarter. R Squared Ltd now owns 8,211 shares of the electronics maker’s stock valued at $1,868,000 after purchasing an additional 2,880 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in TE Connectivity by 0.3% in the 4th quarter. M&T Bank Corp now owns 33,654 shares of the electronics maker’s stock valued at $7,657,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday. UBS Group lowered their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a research note on Thursday, April 23rd. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

Insider Activity at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $223.26, for a total value of $2,098,644.00. Following the transaction, the insider owned 25,976 shares in the company, valued at $5,799,401.76. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the sale, the executive vice president 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,345 shares of company stock valued at $9,627,260. 0.60% of the stock is owned by company insiders.

TE Connectivity Stock Performance

Shares of TEL stock opened at $204.89 on Thursday. The company has a market cap of $60.12 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. TE Connectivity Ltd. has a 52 week low of $142.45 and a 52 week high of $252.56. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $216.27 and a 200-day moving average of $226.12.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd 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, May 22nd. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is 31.87%.

TE Connectivity announced that its board has approved a share buyback program 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 stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.