TE Connectivity Ltd. $TEL Stock Holdings Lessened by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. cut its holdings in TE Connectivity Ltd. (NYSE:TEL) by 98.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,470 shares of the electronics maker’s stock after selling 139,429 shares during the period. Campbell Newman Asset Management Inc.’s holdings in TE Connectivity were worth $516,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of TEL. Kohmann Bosshard Financial Services LLC bought a new position in TE Connectivity in the fourth quarter worth about $25,000. Caitlin John LLC bought a new position in shares of TE Connectivity during the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TE Connectivity during the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its position in shares of TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of TE Connectivity in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TEL shares. HSBC downgraded 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. Barclays lifted their price objective on shares of TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. 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. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group set a $286.00 price objective on TE Connectivity in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $254.64.

Insiders Place Their Bets

In other TE Connectivity 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 value of $2,021,000.00. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 28,200 shares of company stock valued at $6,140,644. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Up 0.2%

Shares of TEL stock opened at $218.03 on Monday. TE Connectivity Ltd. has a 1 year low of $162.17 and a 1 year high of $252.56. The stock has a market cap of $63.64 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The business’s fifty day moving average is $214.88 and its 200-day moving average is $220.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data 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 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%.The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

TE Connectivity announced that its board has approved a stock repurchase plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors 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.