Capital World Investors Reduces Stock Holdings in TE Connectivity Ltd. $TEL

Capital World Investors decreased its position in TE Connectivity Ltd. (NYSE:TEL) by 45.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 645,745 shares of the electronics maker’s stock after selling 535,168 shares during the period. Capital World Investors’ holdings in TE Connectivity were worth $146,913,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in TE Connectivity by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 38,421,283 shares of the electronics maker’s stock valued at $8,741,226,000 after purchasing an additional 168,142 shares during the last quarter. State Street Corp lifted its stake in TE Connectivity by 0.8% in the third quarter. State Street Corp now owns 13,028,927 shares of the electronics maker’s stock valued at $2,860,244,000 after purchasing an additional 100,194 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of TE Connectivity by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 6,284,933 shares of the electronics maker’s stock worth $1,425,669,000 after acquiring an additional 161,967 shares in the last quarter. Bank of America Corp DE lifted its position in shares of TE Connectivity by 27.5% during the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of TE Connectivity by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,403,794 shares of the electronics maker’s stock worth $1,001,907,000 after acquiring an additional 144,353 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analyst Upgrades and Downgrades

TEL has been the topic of several recent research reports. Barclays dropped their target price on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a research report on Wednesday, April 22nd. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 target price on the stock. in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.57.

Insider Buying and Selling at TE Connectivity

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 value of $2,021,000.00. Following the transaction, the insider owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,200 shares of company stock valued at $6,140,644 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Trading Down 3.3%

TE Connectivity stock opened at $205.54 on Tuesday. The stock has a market cap of $60.00 billion, a P/E ratio of 20.99, a PEG ratio of 1.51 and a beta of 1.16. TE Connectivity Ltd. has a fifty-two week low of $162.17 and a fifty-two week high of $252.56. The firm’s fifty day moving average price is $214.31 and its 200-day moving average price is $221.02. 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 released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities research analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The company 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 $0.78 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s payout ratio is currently 31.87%.

TE Connectivity declared that its board has authorized a stock repurchase program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

About TE Connectivity

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.