Wedge Capital Management L L P NC Sells 63,849 Shares of TE Connectivity Ltd. $TEL

Wedge Capital Management L L P NC lessened its holdings in TE Connectivity Ltd. (NYSE:TEL) by 19.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 270,262 shares of the electronics maker’s stock after selling 63,849 shares during the period. TE Connectivity comprises 1.1% of Wedge Capital Management L L P NC’s holdings, making the stock its 14th biggest position. Wedge Capital Management L L P NC owned 0.09% of TE Connectivity worth $61,487,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dodge & Cox lifted its holdings in TE Connectivity by 6.3% during the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after buying an additional 1,017,323 shares during the period. State Street Corp increased its holdings in shares of TE Connectivity by 0.8% in the 3rd quarter. State Street Corp now owns 13,028,927 shares of the electronics maker’s stock valued at $2,860,244,000 after acquiring an additional 100,194 shares during the period. Ameriprise Financial Inc. raised its position in shares of TE Connectivity by 7.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock worth $1,185,474,000 after acquiring an additional 464,853 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of 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. Finally, Bank of New York Mellon Corp lifted its stake in shares of TE Connectivity by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,259,441 shares of the electronics maker’s stock worth $935,075,000 after purchasing an additional 122,994 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Reuben M. Shaffer sold 1,425 shares of TE Connectivity stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the sale, the insider directly owned 32,541 shares in the company, valued at $7,608,736.62. This trade represents a 22.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,945 shares of company stock valued at $7,528,616. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Wells Fargo & Company raised their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. UBS Group increased their target price on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group set a $306.00 price target on shares of TE Connectivity in a report on Wednesday, January 21st. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $202.59 on Friday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The company has a market cap of $59.44 billion, a PE ratio of 29.23, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. The business has a 50-day simple moving average of $219.07 and a two-hundred day simple moving average of $225.34.

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

TE Connectivity declared that its Board of Directors has initiated a stock 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 repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Increases Dividend

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

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.