TE Connectivity Ltd. $TEL Shares Sold by 111 Capital

111 Capital reduced its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 62.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,209 shares of the electronics maker’s stock after selling 3,741 shares during the quarter. 111 Capital’s holdings in TE Connectivity were worth $503,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TEL. Brighton Jones LLC acquired a new position in shares of TE Connectivity in the fourth quarter valued at about $820,000. Sivia Capital Partners LLC increased its holdings in shares of TE Connectivity by 66.7% in the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock valued at $425,000 after purchasing an additional 1,007 shares during the period. Walleye Capital LLC increased its holdings in shares of TE Connectivity by 14.6% in the second quarter. Walleye Capital LLC now owns 2,688 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 343 shares during the period. Squarepoint Ops LLC increased its holdings in shares of TE Connectivity by 1,214.0% in the second quarter. Squarepoint Ops LLC now owns 105,267 shares of the electronics maker’s stock valued at $17,755,000 after purchasing an additional 97,256 shares during the period. Finally, Ieq Capital LLC increased its holdings in shares of TE Connectivity by 75.0% in the second quarter. Ieq Capital LLC now owns 23,284 shares of the electronics maker’s stock valued at $3,927,000 after purchasing an additional 9,980 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 25,976 shares of the company’s stock, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal 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. Insiders sold a total of 28,200 shares of company stock worth $6,140,644 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

TEL has been the topic of several analyst reports. Wall Street Zen lowered TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a report on Wednesday, April 22nd. UBS Group dropped their target price on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Truist Financial dropped their target price on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Stock Performance

Shares of TEL stock opened at $212.70 on Friday. The company has a market capitalization of $62.09 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.51 and a beta of 1.16. The business’s 50 day moving average is $214.26 and its two-hundred day moving average is $221.29. 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 12-month low of $162.17 and a 12-month high of $252.56.

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

TE Connectivity declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the electronics maker to buy up to 5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

TE Connectivity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio (DPR) is currently 31.87%.

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.