TE Connectivity Ltd. $TEL Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 98.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,260 shares of the electronics maker’s stock after selling 367,444 shares during the quarter. Cooke & Bieler LP’s holdings in TE Connectivity were worth $969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of TE Connectivity by 26,798.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock worth $303,815,000 after acquiring an additional 1,378,787 shares in the last quarter. Bank of America Corp DE increased its holdings in TE Connectivity by 27.5% during the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after purchasing an additional 1,352,152 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of TE Connectivity by 183.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock valued at $348,184,000 after purchasing an additional 990,703 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of TE Connectivity by 243.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock valued at $298,383,000 after buying an additional 963,123 shares during the last quarter. Finally, Capital International Investors grew its position in shares of TE Connectivity by 44.4% during the third quarter. Capital International Investors now owns 2,626,754 shares of the electronics maker’s stock worth $576,384,000 after buying an additional 807,702 shares in the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

TE Connectivity Stock Up 0.0%

TE Connectivity stock opened at $202.83 on Tuesday. The firm has a market capitalization of $59.21 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.44 and a beta of 1.18. The company has a 50-day simple moving average of $212.14 and a 200-day simple moving average of $223.05. TE Connectivity Ltd. has a one year low of $155.37 and a one year high of $252.56. 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 earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping 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 firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. TE Connectivity’s quarterly revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, equities analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

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 a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. TE Connectivity’s payout ratio is presently 29.01%.

TE Connectivity announced that its board has authorized a share repurchase program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

TEL has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wells Fargo & Company boosted their target price on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Barclays reduced their price target on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” 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. Finally, UBS Group reduced 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. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

Insider Activity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the sale, the insider directly owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,200 shares of company stock valued at $6,211,332 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

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.