NewEdge Wealth LLC Acquires 7,057 Shares of TE Connectivity Ltd. $TEL

NewEdge Wealth LLC raised its holdings in shares of TE Connectivity Ltd. (NYSE:TEL) by 20.4% during the fourth quarter, HoldingsChannel reports. The fund owned 41,715 shares of the electronics maker’s stock after purchasing an additional 7,057 shares during the quarter. NewEdge Wealth LLC’s holdings in TE Connectivity were worth $9,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HHM Wealth Advisors LLC raised its holdings in TE Connectivity by 11.8% during the 3rd quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock valued at $89,000 after acquiring an additional 43 shares during the period. Webster Bank N. A. raised its holdings in TE Connectivity by 19.1% during the 4th 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. Great Lakes Advisors LLC raised its holdings in TE Connectivity by 3.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock valued at $320,000 after acquiring an additional 48 shares during the period. Contravisory Investment Management Inc. raised its holdings in TE Connectivity by 1.6% during the 4th quarter. Contravisory Investment Management Inc. now owns 3,074 shares of the electronics maker’s stock valued at $699,000 after acquiring an additional 49 shares during the period. Finally, Csenge Advisory Group increased its holdings in shares of TE Connectivity by 3.2% in the third quarter. Csenge Advisory Group now owns 1,602 shares of the electronics maker’s stock worth $352,000 after purchasing an additional 50 shares during the period. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling

In other TE Connectivity news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $234.23, for a total transaction of $333,777.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the transaction, the insider directly owned 32,541 shares of the company’s stock, valued at $7,608,736.62. This represents a 22.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,590 shares of company stock valued at $10,276,864 in the last ninety days. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Oppenheimer upped their price target on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Barclays decreased their price target on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a report on Wednesday, April 22nd. Finally, Truist Financial decreased their price target on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $256.57.

TE Connectivity Trading Down 0.2%

TE Connectivity stock opened at $205.82 on Monday. The stock has a market cap of $60.08 billion, a P/E ratio of 21.02, a PEG ratio of 1.46 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. TE Connectivity Ltd. has a fifty-two week low of $152.27 and a fifty-two week high of $252.56. The firm’s fifty day moving average price is $214.39 and its 200-day moving average price is $225.85.

TE Connectivity (NYSE:TEL) last released its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. The business had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm’s revenue was up 14.4% on a year-over-year basis. 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. Equities research analysts forecast 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 authorized a share buyback plan on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to buy up to 5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This is a positive change from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s payout ratio is 31.87%.

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.