TE Connectivity (NYSE:TEL) Insider Shadrak Kroeger Sells 9,400 Shares

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak Kroeger sold 9,400 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at $5,780,179.52. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TE Connectivity Stock Performance

NYSE TEL opened at $204.52 on Wednesday. The firm has a market cap of $60.01 billion, a P/E ratio of 29.51, a P/E/G ratio of 1.61 and a beta of 1.23. TE Connectivity Ltd. has a 52-week low of $116.30 and a 52-week high of $250.67. The business’s 50-day moving average price is $229.70 and its 200 day moving average price is $225.91. The company has a quick ratio of 1.07, a current ratio of 1.65 and a debt-to-equity ratio of 0.37.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the firm earned $1.95 EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. On average, equities research analysts expect that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s payout ratio is currently 40.98%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. The Goldman Sachs Group set a $306.00 price objective on shares of TE Connectivity in a research report on Wednesday, January 21st. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. UBS Group raised their price target on TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Barclays lifted their price target on TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $251.93.

Hedge Funds Weigh In On TE Connectivity

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of TE Connectivity in the fourth quarter valued at approximately $938,706,000. J. Stern & Co. LLP acquired a new stake in TE Connectivity during the 4th quarter valued at $445,402,000. Arrowstreet Capital Limited Partnership increased its position in TE Connectivity by 124.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,105,167 shares of the electronics maker’s stock worth $706,457,000 after buying an additional 1,721,235 shares in the last quarter. Bank of America Corp DE raised 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 during the last quarter. Finally, Dodge & Cox lifted its position in shares of TE Connectivity by 6.3% in the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after acquiring an additional 1,017,323 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

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.