CIBC Private Wealth Group LLC Lowers Holdings in TE Connectivity Ltd. $TEL

CIBC Private Wealth Group LLC lowered its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,094,807 shares of the electronics maker’s stock after selling 266,077 shares during the quarter. TE Connectivity comprises about 0.8% of CIBC Private Wealth Group LLC’s holdings, making the stock its 19th largest position. CIBC Private Wealth Group LLC’s holdings in TE Connectivity were worth $459,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TEL. Caitlin John LLC acquired a new stake in shares of TE Connectivity in the third quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in TE Connectivity during the third quarter worth approximately $29,000. SOA Wealth Advisors LLC. raised its stake in TE Connectivity by 47.4% during the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 54 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of TE Connectivity in the 3rd quarter valued at $39,000. Finally, Neo Ivy Capital Management acquired a new position in shares of TE Connectivity in the 2nd quarter valued at $30,000. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TEL. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. UBS Group lifted their target price on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a research note on Wednesday, January 21st. Barclays raised their price objective on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

Insider Activity

In related news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $222.52, for a total value of $2,091,688.00. Following the transaction, the insider directly owned 25,976 shares in the company, valued at $5,780,179.52. This trade represents a 26.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 32,945 shares of company stock worth $7,528,616. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Performance

Shares of TEL stock opened at $204.40 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.07 and a debt-to-equity ratio of 0.37. The company has a market cap of $59.98 billion, a PE ratio of 29.49, a P/E/G ratio of 1.55 and a beta of 1.23. The company’s fifty day simple moving average is $224.44 and its 200-day simple moving average is $225.90. TE Connectivity Ltd. has a 52 week low of $116.30 and a 52 week high of $250.67.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the company earned $1.95 EPS. The firm’s revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. As a group, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. TE Connectivity’s payout ratio is 40.98%.

TE Connectivity declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.