Marble Wealth LLC Invests $540,000 in TE Connectivity Ltd. $TEL

Marble Wealth LLC acquired a new position in shares of TE Connectivity Ltd. (NYSE:TEL) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,372 shares of the electronics maker’s stock, valued at approximately $540,000.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of TE Connectivity by 7.0% in the third quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock valued at $73,849,000 after buying an additional 21,882 shares during the period. Caprock Group LLC bought a new stake in shares of TE Connectivity in the third quarter valued at approximately $2,419,000. State of New Jersey Common Pension Fund D boosted its stake in shares of TE Connectivity by 7.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 103,287 shares of the electronics maker’s stock valued at $22,675,000 after buying an additional 6,755 shares during the period. Power Wealth Management LLC boosted its stake in shares of TE Connectivity by 226.5% in the third quarter. Power Wealth Management LLC now owns 8,979 shares of the electronics maker’s stock valued at $1,971,000 after buying an additional 6,229 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $1,983,000. Institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays cut their price target on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. HSBC cut TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a research note on Thursday, April 23rd. Finally, Truist Financial cut their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $256.57.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock worth $6,140,644 in the last three months. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Stock Up 1.6%

Shares of TEL opened at $218.22 on Thursday. The firm has a 50 day simple moving average of $213.91 and a two-hundred day simple moving average of $221.47. The company has a market cap of $63.70 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. TE Connectivity Ltd. has a one year low of $161.30 and a one year 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, topping the consensus estimate of $2.70 by $0.03. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Research analysts forecast that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.4%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio (DPR) is currently 31.87%.

TE Connectivity declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 11th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the electronics maker to purchase up to 5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.