Wilmington Savings Fund Society FSB Has $1.75 Million Position in TE Connectivity Ltd. $TEL

Wilmington Savings Fund Society FSB decreased its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 34.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,949 shares of the electronics maker’s stock after selling 4,164 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in TE Connectivity were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of TE Connectivity in the 2nd quarter valued at about $609,158,000. Arrowstreet Capital Limited Partnership grew its position in TE Connectivity by 26,798.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock valued at $303,815,000 after purchasing an additional 1,378,787 shares in the last quarter. Bank of America Corp DE increased its stake in TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after buying an additional 1,352,152 shares during the period. Dodge & Cox lifted its position in TE Connectivity by 6.3% in the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after buying an additional 1,017,323 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in TE Connectivity by 243.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock worth $298,383,000 after buying an additional 963,123 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TE Connectivity

In related news, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the completion of the sale, the executive vice president directly owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This represents a 22.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 32,945 shares of company stock worth $7,528,616. 0.60% of the stock is owned by insiders.

TE Connectivity Price Performance

NYSE TEL opened at $198.41 on Friday. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The stock’s 50-day moving average is $223.18 and its two-hundred day moving average is $225.50. The firm has a market cap of $58.22 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The firm’s revenue 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, analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current fiscal year.

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

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.6%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio is 40.98%.

Wall Street Analysts Forecast Growth

TEL has been the topic of several research analyst reports. Barclays boosted their price target on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Truist Financial lifted their price objective on TE Connectivity from $240.00 to $244.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Oppenheimer boosted their target price on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. UBS Group raised their price target on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

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.