Barclays PLC Lowers Stake in TE Connectivity Ltd. $TEL

Barclays PLC reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 11.4% in the fourth quarter, Holdings Channel reports. The firm owned 665,677 shares of the electronics maker’s stock after selling 85,822 shares during the period. Barclays PLC’s holdings in TE Connectivity were worth $151,448,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of TE Connectivity during the fourth quarter valued at $25,000. Caitlin John LLC purchased a new stake in shares of TE Connectivity during the third quarter valued at $28,000. Aster Capital Management DIFC Ltd purchased a new stake in TE Connectivity in the third quarter worth about $29,000. Geneos Wealth Management Inc. lifted its stake in TE Connectivity by 189.6% in the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the period. Finally, Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity in the fourth quarter worth about $40,000. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock valued at $6,140,644 in the last ninety days. Insiders own 0.60% of the company’s stock.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $215.88 on Tuesday. The company has a market capitalization of $63.02 billion, a PE ratio of 22.05, a P/E/G ratio of 1.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The company has a 50-day simple moving average of $214.64 and a two-hundred day simple moving average of $220.59. TE Connectivity Ltd. has a one year low of $162.17 and a one year high of $252.56.

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

TE Connectivity declared that its board has initiated a stock buyback plan on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be issued a $0.78 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s payout ratio is currently 31.87%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TEL. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. 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 note on Thursday, April 23rd. Truist Financial lowered their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research note on Wednesday, April 22nd. One 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $256.79.

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.