Janus Henderson Group PLC Has $651.25 Million Holdings in TE Connectivity Ltd. $TEL

Janus Henderson Group PLC raised its holdings in TE Connectivity Ltd. (NYSE:TEL) by 7.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,861,466 shares of the electronics maker’s stock after acquiring an additional 186,487 shares during the quarter. Janus Henderson Group PLC’s holdings in TE Connectivity were worth $651,247,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gotham Asset Management LLC lifted its stake in TE Connectivity by 114.8% in the fourth quarter. Gotham Asset Management LLC now owns 32,685 shares of the electronics maker’s stock valued at $7,436,000 after buying an additional 17,471 shares during the period. Evolve Private Wealth LLC acquired a new position in TE Connectivity during the 4th quarter worth approximately $218,000. Engineers Gate Manager LP raised its stake in TE Connectivity by 12.1% during the 4th quarter. Engineers Gate Manager LP now owns 81,156 shares of the electronics maker’s stock worth $18,464,000 after buying an additional 8,776 shares during the period. First Manhattan CO. LLC. raised its stake in TE Connectivity by 18.8% during the 4th quarter. First Manhattan CO. LLC. now owns 2,274 shares of the electronics maker’s stock worth $517,000 after buying an additional 360 shares during the period. Finally, Cinctive Capital Management LP acquired a new position in TE Connectivity during the 4th quarter worth approximately $301,000. 91.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEL has been the topic of a number of research reports. HSBC downgraded TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target on the stock. in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research note on Wednesday, April 22nd. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.79.

TE Connectivity Stock Performance

Shares of TE Connectivity stock opened at $211.73 on Thursday. 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 Ltd. has a 52 week low of $162.17 and a 52 week high of $252.56. The business has a 50 day moving average price of $214.83 and a 200-day moving average price of $220.44. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last released its 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 during the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.TE Connectivity’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Equities analysts anticipate that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued 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 currently 31.87%.

TE Connectivity declared that its board has initiated a stock repurchase plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred 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. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,200 shares of company stock valued at $6,140,644 over the last three months. Corporate insiders own 0.60% of the company’s stock.

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.