Danske Bank A S Acquires New Stake in TE Connectivity Ltd. $TEL

Danske Bank A S bought a new position in TE Connectivity Ltd. (NYSE:TEL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 391,474 shares of the electronics maker’s stock, valued at approximately $85,940,000. Danske Bank A S owned 0.13% of TE Connectivity at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Caitlin John LLC bought a new position in TE Connectivity during the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of TE Connectivity during the 3rd quarter valued at about $29,000. SOA Wealth Advisors LLC. grew its stake in shares of TE Connectivity by 47.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 168 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 54 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of TE Connectivity in the 3rd quarter worth approximately $39,000. Finally, Neo Ivy Capital Management bought a new stake in TE Connectivity during the second quarter worth approximately $30,000. Institutional investors own 91.43% of the company’s stock.

Insiders Place Their Bets

In related news, 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 owned 32,541 shares of the company’s stock, valued at approximately $7,608,736.62. This trade represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was 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 $4,859,486.10. This represents a 22.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,945 shares of company stock valued at $7,528,616 in the last three months. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

TEL has been the subject of a number of recent research reports. Oppenheimer increased their price objective on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Wells Fargo & Company increased their price target on TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Wall Street Zen upgraded TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Truist Financial boosted their price target 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. One investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.93.

TE Connectivity Price Performance

Shares of TEL opened at $204.40 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The company has a market capitalization of $59.98 billion, a price-to-earnings ratio of 29.49, a P/E/G ratio of 1.55 and a beta of 1.23. The business’s 50-day moving average is $224.44 and its 200-day moving average is $225.90. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67.

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

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

TE Connectivity Increases Dividend

The company 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 $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.5%. This is an increase 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 presently 40.98%.

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.