Andra AP fonden Lowers Stake in TE Connectivity Ltd. $TEL

Andra AP fonden lessened its stake in TE Connectivity Ltd. (NYSE:TEL) by 45.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,494 shares of the electronics maker’s stock after selling 71,706 shares during the period. Andra AP fonden’s holdings in TE Connectivity were worth $17,661,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd raised its stake in shares of TE Connectivity by 0.3% during the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock worth $3,412,000 after purchasing an additional 44 shares during the last quarter. MCF Advisors LLC increased its stake in TE Connectivity by 14.1% in the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after buying an additional 45 shares during the period. Webster Bank N. A. raised its position in TE Connectivity by 19.1% during the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock worth $65,000 after buying an additional 46 shares during the last quarter. CYBER HORNET ETFs LLC raised its position in TE Connectivity by 5.6% during the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after buying an additional 47 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of TE Connectivity by 4.2% in the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after acquiring an additional 48 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $215.00, for a total value 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. The trade was 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TEL has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. 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 research report on Thursday, April 23rd. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Barclays raised their target price on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Finally, Evercore reissued an “in-line” rating and set a $230.00 price objective on shares of TE Connectivity in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.31.

TE Connectivity Price Performance

TE Connectivity stock opened at $203.11 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $59.29 billion, a PE ratio of 20.75, a P/E/G ratio of 1.43 and a beta of 1.17. The firm’s 50-day simple moving average is $205.81 and its 200 day simple moving average is $215.66. TE Connectivity Ltd. has a 52 week low of $177.21 and a 52 week high of $252.56.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities research analysts predict that TE Connectivity Ltd. will post 11.31 EPS for the current fiscal year.

TE Connectivity Dividend Announcement

The business 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 dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a yield of 1.5%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

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.