Shadrak Kroeger Sells 9,400 Shares of TE Connectivity (NYSE:TEL) Stock

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak Kroeger sold 9,400 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TE Connectivity Stock Up 1.6%

Shares of NYSE TEL opened at $218.22 on Thursday. The firm has a market cap of $63.70 billion, a PE ratio of 22.29, a P/E/G ratio of 1.52 and a beta of 1.16. TE Connectivity Ltd. has a 12-month low of $161.30 and a 12-month high of $252.56. The company’s fifty day simple moving average is $213.91 and its 200 day simple moving average is $221.47. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last issued its 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 net margin of 15.54% and a return on equity of 23.56%. TE Connectivity’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, sell-side analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity declared that its board has authorized a share repurchase plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management 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. Shareholders of record on Friday, May 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s payout ratio is 31.87%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. DV Trading LLC bought a new position in shares of TE Connectivity during the first quarter valued at about $220,000. Keel Point LLC lifted its position in shares of TE Connectivity by 12.1% during the first quarter. Keel Point LLC now owns 1,715 shares of the electronics maker’s stock valued at $358,000 after purchasing an additional 185 shares in the last quarter. Summitry LLC bought a new position in shares of TE Connectivity during the first quarter valued at about $24,284,000. Essential Partners LLC lifted its position in shares of TE Connectivity by 63.7% during the first quarter. Essential Partners LLC now owns 334 shares of the electronics maker’s stock valued at $70,000 after purchasing an additional 130 shares in the last quarter. Finally, BankChampaign National Association bought a new position in shares of TE Connectivity during the first quarter valued at about $301,000. 91.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on TEL. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a research note on Thursday, April 23rd. Wells Fargo & Company raised their price objective on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating 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 note on Wednesday, April 15th. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Wall Street Zen lowered shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.57.

TE Connectivity Company 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.