Czech National Bank Boosts Holdings in TE Connectivity Ltd. $TEL

Czech National Bank raised its position in TE Connectivity Ltd. (NYSE:TEL) by 3.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 77,574 shares of the electronics maker’s stock after acquiring an additional 2,528 shares during the quarter. Czech National Bank’s holdings in TE Connectivity were worth $17,649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Salvus Wealth Management LLC increased its position in shares of TE Connectivity by 1.9% during the fourth quarter. Salvus Wealth Management LLC now owns 4,483 shares of the electronics maker’s stock worth $1,020,000 after purchasing an additional 84 shares in the last quarter. Brucke Financial Inc. purchased a new position in TE Connectivity during the 4th quarter worth $201,000. Contravisory Investment Management Inc. grew its stake in TE Connectivity by 1.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 3,074 shares of the electronics maker’s stock worth $699,000 after buying an additional 49 shares during the last quarter. Avanza Fonder AB increased its position in TE Connectivity by 9.9% during the 4th quarter. Avanza Fonder AB now owns 31,463 shares of the electronics maker’s stock valued at $7,158,000 after buying an additional 2,827 shares in the last quarter. Finally, Community Trust & Investment Co. purchased a new stake in TE Connectivity in the fourth quarter valued at about $224,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on TEL shares. Truist Financial raised their price target on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Barclays lifted their target price on shares of TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Wells Fargo & Company upped their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company 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 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.93.

Insider Activity

In other news, EVP John S. Jenkins sold 6,155 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total value of $1,371,395.55. Following the sale, the executive vice president owned 21,810 shares in the company, valued at $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,945 shares of company stock valued at $7,528,616 in the last ninety days. Insiders own 0.60% of the company’s stock.

TE Connectivity Stock Down 3.2%

Shares of TEL stock opened at $203.20 on Friday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The firm has a market capitalization of $59.63 billion, a PE ratio of 29.32, a P/E/G ratio of 1.60 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The stock’s 50-day simple moving average is $219.85 and its 200-day simple moving average is $225.38.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.95 earnings per share. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Equities analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

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 $0.78 dividend. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s payout ratio is currently 40.98%.

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