TE Connectivity Ltd. $TEL Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lowered its position in TE Connectivity Ltd. (NYSE:TEL) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,817 shares of the electronics maker’s stock after selling 3,402 shares during the period. TE Connectivity comprises approximately 3.0% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 5th biggest position. John G Ullman & Associates Inc.’s holdings in TE Connectivity were worth $22,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC grew its holdings in TE Connectivity by 11.8% in the third quarter. HHM Wealth Advisors LLC now owns 407 shares of the electronics maker’s stock valued at $89,000 after purchasing an additional 43 shares during the period. Webster Bank N. A. grew its holdings in TE Connectivity by 19.1% in the fourth quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 46 shares during the period. Great Lakes Advisors LLC grew its stake in TE Connectivity by 3.4% during the third quarter. Great Lakes Advisors LLC now owns 1,457 shares of the electronics maker’s stock worth $320,000 after buying an additional 48 shares during the period. Contravisory Investment Management Inc. grew its stake in TE Connectivity by 1.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 3,074 shares of the electronics maker’s stock worth $699,000 after buying an additional 49 shares during the period. Finally, Security National Bank of SO Dak grew its stake in TE Connectivity by 0.5% during the second quarter. Security National Bank of SO Dak now owns 10,865 shares of the electronics maker’s stock worth $1,833,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TEL shares. UBS Group decreased their price objective on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Oppenheimer boosted their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Wells Fargo & Company boosted their price objective on shares of TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Barclays decreased their price objective on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, Truist Financial decreased their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note 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 issued a Hold rating to the stock. According to data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average target price of $256.57.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, 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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,200 shares of company stock valued at $6,211,332 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL stock opened at $205.54 on Friday. The company has a market capitalization of $60.00 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18. The firm has a fifty day simple moving average of $212.61 and a 200-day simple moving average of $224.91. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. TE Connectivity Ltd. has a twelve month low of $155.37 and a twelve month high of $252.56.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.03. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period 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 anticipate that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be issued a $0.78 dividend. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s dividend payout ratio is currently 31.87%.

TE Connectivity announced that its Board of Directors has authorized a share buyback program on Wednesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the electronics maker to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are 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.