Vantage Wealth Sells 7,400 Shares of TE Connectivity Ltd. $TEL

Vantage Wealth cut its stake in TE Connectivity Ltd. (NYSE:TEL) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,310 shares of the electronics maker’s stock after selling 7,400 shares during the period. TE Connectivity comprises about 5.0% of Vantage Wealth’s holdings, making the stock its 3rd largest holding. Vantage Wealth’s holdings in TE Connectivity were worth $23,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dodge & Cox boosted its stake in shares of TE Connectivity by 6.3% in the 2nd quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock valued at $2,874,104,000 after buying an additional 1,017,323 shares during the period. State Street Corp increased its stake in shares of TE Connectivity by 0.8% during the third quarter. State Street Corp now owns 13,028,927 shares of the electronics maker’s stock worth $2,860,244,000 after buying an additional 100,194 shares during the period. Ameriprise Financial Inc. raised its holdings in TE Connectivity by 7.1% in the second quarter. Ameriprise Financial Inc. now owns 7,028,380 shares of the electronics maker’s stock valued at $1,185,474,000 after acquiring an additional 464,853 shares in the last quarter. Bank of America Corp DE lifted its stake in TE Connectivity by 27.5% in the second quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock worth $1,058,390,000 after acquiring an additional 1,352,152 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in TE Connectivity by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,259,441 shares of the electronics maker’s stock worth $935,075,000 after acquiring an additional 122,994 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TEL has been the subject of several recent analyst reports. Zacks Research cut shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Barclays lifted their price target on TE Connectivity from $297.00 to $302.00 and gave the stock an “overweight” rating in a report on Friday, January 23rd. UBS Group raised their target price on TE Connectivity from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Wall Street Zen raised TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Finally, Weiss Ratings upgraded shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $251.93.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $222.52, for a total transaction of $2,091,688.00. Following the completion of the sale, the insider directly owned 25,976 shares of the company’s stock, valued at $5,780,179.52. This trade represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Reuben M. Shaffer sold 1,425 shares of TE Connectivity 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,945 shares of company stock worth $7,528,616 over the last 90 days. 0.60% of the stock is currently owned by insiders.

TE Connectivity Price Performance

Shares of TEL opened at $202.59 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.07 and a current ratio of 1.65. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67. The firm has a 50-day simple moving average of $219.07 and a 200-day simple moving average of $225.56. The company has a market capitalization of $59.44 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.23.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. The firm’s revenue for the quarter 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, equities research analysts anticipate that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. 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 (DPR) is currently 40.98%.

TE Connectivity declared that its board has initiated a stock repurchase program on Wednesday, March 11th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the electronics maker to purchase up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.