CenterBook Partners LP Buys 10,978 Shares of TE Connectivity Ltd. $TEL

CenterBook Partners LP boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 512.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,122 shares of the electronics maker’s stock after purchasing an additional 10,978 shares during the quarter. CenterBook Partners LP’s holdings in TE Connectivity were worth $2,985,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TEL. Norges Bank bought a new stake in shares of TE Connectivity in the fourth quarter worth about $938,706,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of TE Connectivity by 26,798.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock worth $303,815,000 after acquiring an additional 1,378,787 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of TE Connectivity by 27.5% in 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. Robeco Institutional Asset Management B.V. increased its holdings in shares of TE Connectivity by 183.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock worth $348,184,000 after acquiring an additional 990,703 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of TE Connectivity by 243.2% in the third quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock worth $298,383,000 after acquiring an additional 963,123 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was 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 of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock worth $6,140,644 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Stock Performance

Shares of NYSE TEL opened at $205.54 on Tuesday. The stock has a 50 day moving average price of $214.31 and a 200 day moving average price of $221.02. TE Connectivity Ltd. has a 52 week low of $162.17 and a 52 week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The stock has a market capitalization of $60.00 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating the consensus estimate of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the prior year, the firm posted $2.10 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity declared that its Board of Directors has approved a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s board 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. Investors of record on Friday, May 22nd will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s payout ratio is currently 31.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wells Fargo & Company increased their price target on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Barclays lowered their price target on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Finally, Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

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.