Interval Partners LP Acquires Shares of 35,180 TE Connectivity Ltd. $TEL

Interval Partners LP bought a new position in TE Connectivity Ltd. (NYSE:TEL) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 35,180 shares of the electronics maker’s stock, valued at approximately $7,723,000.

Other large investors have also recently modified their holdings of the company. Caitlin John LLC purchased a new stake in TE Connectivity during the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd purchased a new position in TE Connectivity during the third quarter worth $29,000. SOA Wealth Advisors LLC. increased its position in TE Connectivity by 47.4% during the third quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 54 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of TE Connectivity in the third quarter valued at $39,000. Finally, Neo Ivy Capital Management bought a new stake in shares of TE Connectivity in the 2nd quarter worth about $30,000. Institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. UBS Group raised their price objective on shares of TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group set a $306.00 target price on TE Connectivity in a research report on Wednesday, January 21st. Weiss Ratings upgraded TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, February 6th. Finally, Barclays raised their price target on TE Connectivity from $297.00 to $302.00 and gave the stock 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 assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, TE Connectivity currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Stock Up 0.8%

Shares of NYSE:TEL opened at $199.35 on Friday. The business’s 50 day moving average is $225.53 and its 200 day moving average is $225.69. The stock has a market cap of $58.50 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 1.51 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 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 issued its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share for the quarter, beating 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 business had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period in the previous year, the company posted $1.95 EPS. TE Connectivity’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. Sell-side analysts predict that TE Connectivity Ltd. will post 8.05 EPS for the current year.

TE Connectivity Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s payout ratio is currently 40.98%.

TE Connectivity declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other TE Connectivity news, EVP John S. Jenkins sold 6,155 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 21,810 shares of the company’s stock, valued at approximately $4,859,486.10. This trade represents a 22.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction dated 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 in the company, valued at $7,608,736.62. This trade represents a 22.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,945 shares of company stock worth $7,528,616 in 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.