TE Connectivity Ltd. $TEL Shares Sold by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. lowered its holdings in TE Connectivity Ltd. (NYSE:TEL) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,593 shares of the electronics maker’s stock after selling 27,313 shares during the period. TE Connectivity makes up 2.1% of Crawford Investment Counsel Inc.’s portfolio, making the stock its 6th biggest position. Crawford Investment Counsel Inc.’s holdings in TE Connectivity were worth $130,953,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Captrust Financial Advisors increased its position in shares of TE Connectivity by 6.3% in the fourth quarter. Captrust Financial Advisors now owns 21,840 shares of the electronics maker’s stock worth $4,969,000 after acquiring an additional 1,294 shares in the last quarter. &PARTNERS increased its position in shares of TE Connectivity by 13.1% in the fourth quarter. &PARTNERS now owns 30,903 shares of the electronics maker’s stock worth $7,018,000 after acquiring an additional 3,573 shares in the last quarter. Night Squared LP acquired a new stake in shares of TE Connectivity in the fourth quarter worth $6,571,000. Magnetar Financial LLC increased its position in shares of TE Connectivity by 383.1% in the fourth quarter. Magnetar Financial LLC now owns 22,754 shares of the electronics maker’s stock worth $5,177,000 after acquiring an additional 18,044 shares in the last quarter. Finally, L2 Asset Management LLC increased its position in shares of TE Connectivity by 7.4% in the fourth quarter. L2 Asset Management LLC now owns 1,488 shares of the electronics maker’s stock worth $339,000 after acquiring an additional 102 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. UBS Group lowered their price target on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.79.

TE Connectivity Price Performance

TEL opened at $217.19 on Wednesday. The firm has a market cap of $63.40 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.53 and a beta of 1.16. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a twelve month low of $162.17 and a twelve month high of $252.56. The company has a fifty day simple moving average of $214.80 and a 200 day simple moving average of $220.53.

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

TE Connectivity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is currently 31.87%.

TE Connectivity declared that its Board of Directors has authorized a stock buyback program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 28,200 shares of company stock worth $6,140,644. 0.60% of the stock is owned by company insiders.

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.