TE Connectivity Ltd. $TEL Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 797,799 shares of the electronics maker’s stock after buying an additional 6,813 shares during the period. Bessemer Group Inc.’s holdings in TE Connectivity were worth $166,758,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TEL. Gulf International Bank UK Ltd boosted its stake in shares of TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock valued at $3,412,000 after buying an additional 44 shares in the last quarter. MCF Advisors LLC raised its position in TE Connectivity by 14.1% in the fourth quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock worth $83,000 after acquiring an additional 45 shares in the last quarter. Webster Bank N. A. lifted its holdings in TE Connectivity by 19.1% in the fourth quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock valued at $65,000 after acquiring an additional 46 shares during the period. CYBER HORNET ETFs LLC boosted its position in shares of TE Connectivity by 5.6% during the 4th quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock worth $202,000 after purchasing an additional 47 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of TE Connectivity by 4.2% during the 4th quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock worth $271,000 after purchasing an additional 48 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 25,976 shares of the company’s stock, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of research analyst reports. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Wells Fargo & Company upped their target price on shares of TE Connectivity from $226.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Barclays boosted their price target on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $255.31.

TE Connectivity Stock Performance

NYSE:TEL opened at $202.77 on Friday. 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 firm has a 50-day moving average price of $205.92 and a two-hundred day moving average price of $216.05. TE Connectivity Ltd. has a twelve month low of $175.28 and a twelve month high of $252.56. The company has a market capitalization of $59.19 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17.

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, beating the consensus estimate of $2.70 by $0.03. The company had revenue of $4.74 billion for 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 quarter in the prior year, the firm earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. As a group, research analysts expect that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

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.