TE Connectivity Ltd. $TEL Shares Bought by Clough Capital Partners L P

Clough Capital Partners L P raised its stake in TE Connectivity Ltd. (NYSE:TEL) by 61.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,550 shares of the electronics maker’s stock after purchasing an additional 10,450 shares during the quarter. Clough Capital Partners L P’s holdings in TE Connectivity were worth $6,268,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in TE Connectivity in the fourth quarter valued at $25,000. Caitlin John LLC acquired a new position in TE Connectivity in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in TE Connectivity in the third quarter valued at $29,000. Commonwealth Retirement Investments LLC acquired a new position in TE Connectivity in the fourth quarter valued at $40,000. Finally, JFS Wealth Advisors LLC increased its stake in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 65 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Price Performance

TEL stock opened at $211.73 on Thursday. The stock has a 50-day moving average price of $214.83 and a two-hundred day moving average price of $220.44. TE Connectivity Ltd. has a 12-month low of $162.17 and a 12-month high of $252.56. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The company has a market cap of $61.80 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last issued its 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. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The company’s 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. As a group, research analysts predict that TE Connectivity Ltd. will post 11.28 EPS for the current year.

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

TE Connectivity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. TE Connectivity’s dividend payout ratio is presently 31.87%.

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 dated Monday, June 1st. The stock was sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares of the company’s stock, valued at $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 available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,200 shares of company stock valued at $6,140,644 over the last ninety days. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on TEL. Zacks Research lowered TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Barclays upped their target price on TE Connectivity from $297.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company upped their target price on TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $256.79.

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.