Bridges Investment Management Inc. Trims Position in TE Connectivity Ltd. $TEL

Bridges Investment Management Inc. decreased its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 39.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,168 shares of the electronics maker’s stock after selling 3,392 shares during the period. Bridges Investment Management Inc.’s holdings in TE Connectivity were worth $1,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TEL. Norges Bank acquired a new position in TE Connectivity during the fourth quarter worth approximately $938,706,000. Arrowstreet Capital Limited Partnership increased its position in TE Connectivity by 26,798.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock worth $303,815,000 after purchasing an additional 1,378,787 shares during the last quarter. Bank of America Corp DE increased its position in TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in TE Connectivity by 183.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock worth $348,184,000 after purchasing an additional 990,703 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in TE Connectivity by 243.2% during the third quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock worth $298,383,000 after purchasing an additional 963,123 shares during the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TEL. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. 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. Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a research report on Thursday, April 23rd. Finally, Oppenheimer increased their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Price Performance

TEL opened at $218.22 on Thursday. The company has a fifty day simple moving average of $213.91 and a 200 day simple moving average of $221.47. The firm has a market cap of $63.70 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.52 and a beta of 1.16. TE Connectivity Ltd. has a twelve month low of $161.30 and a twelve month high of $252.56. 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 (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The business 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 business’s revenue was up 14.4% on a year-over-year basis. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $3.12 annualized dividend and a yield of 1.4%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s dividend payout ratio (DPR) is 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.

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.