Swedbank AB Buys 4,578 Shares of TE Connectivity Ltd. $TEL

Swedbank AB grew its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,446 shares of the electronics maker’s stock after purchasing an additional 4,578 shares during the period. Swedbank AB’s holdings in TE Connectivity were worth $17,221,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TEL. Vontobel Holding Ltd. boosted its position in TE Connectivity by 382.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 176,924 shares of the electronics maker’s stock valued at $38,840,000 after acquiring an additional 140,274 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of TE Connectivity by 6.0% during the third quarter. OLD National Bancorp IN now owns 3,723 shares of the electronics maker’s stock valued at $817,000 after purchasing an additional 211 shares in the last quarter. Farther Finance Advisors LLC grew its stake in TE Connectivity by 127.8% in the third quarter. Farther Finance Advisors LLC now owns 5,351 shares of the electronics maker’s stock worth $1,175,000 after purchasing an additional 3,002 shares during the period. Patton Fund Management Inc. bought a new position in TE Connectivity in the third quarter worth $335,000. Finally, HBK Sorce Advisory LLC purchased a new position in TE Connectivity during the third quarter valued at $204,000. 91.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TEL shares. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. TD Cowen upped their price objective on shares of TE Connectivity from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, November 17th. UBS Group raised their target price on shares of TE Connectivity from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Evercore ISI boosted their price target on TE Connectivity from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Barclays upped their price target on TE Connectivity from $277.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.85.

Insider Activity

In other TE Connectivity news, EVP John S. Jenkins sold 25,021 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $247.73, for a total value of $6,198,452.33. Following the completion of the transaction, the executive vice president owned 20,903 shares of the company’s stock, valued at approximately $5,178,300.19. The trade was a 54.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Heath A. Mitts sold 82,300 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $247.15, for a total transaction of $20,340,445.00. Following the sale, the chief financial officer directly owned 45,503 shares in the company, valued at approximately $11,246,066.45. The trade was a 64.40% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is currently owned by company insiders.

TE Connectivity Trading Up 0.1%

NYSE:TEL opened at $232.18 on Friday. The stock has a market cap of $68.31 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 1.78 and a beta of 1.25. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average price is $233.74 and its 200-day moving average price is $210.11. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.15. TE Connectivity had a return on equity of 21.18% and a net margin of 10.67%.The business had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the prior year, the firm posted $1.95 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. TE Connectivity has set its Q1 2026 guidance at 2.530-2.530 EPS. On average, equities research analysts forecast that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 20th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.84 annualized dividend and a dividend yield of 1.2%. TE Connectivity’s dividend payout ratio (DPR) is 46.18%.

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.