iA Global Asset Management Inc. Takes Position in TE Connectivity Ltd. $TEL

iA Global Asset Management Inc. acquired a new stake in TE Connectivity Ltd. (NYSE:TEL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 52,536 shares of the electronics maker’s stock, valued at approximately $11,952,000.

Several other hedge funds also recently modified their holdings of the stock. Dana Investment Advisors Inc. grew its holdings in shares of TE Connectivity by 7.5% in the 4th quarter. Dana Investment Advisors Inc. now owns 5,290 shares of the electronics maker’s stock valued at $1,204,000 after acquiring an additional 371 shares in the last quarter. Qsemble Capital Management LP grew its holdings in shares of TE Connectivity by 110.6% in the 4th quarter. Qsemble Capital Management LP now owns 25,597 shares of the electronics maker’s stock valued at $5,824,000 after acquiring an additional 13,444 shares in the last quarter. AlphaCore Capital LLC grew its holdings in shares of TE Connectivity by 10.9% in the 4th quarter. AlphaCore Capital LLC now owns 3,558 shares of the electronics maker’s stock valued at $809,000 after acquiring an additional 349 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of TE Connectivity by 1.7% in the 4th quarter. DNB Asset Management AS now owns 60,386 shares of the electronics maker’s stock valued at $13,738,000 after acquiring an additional 997 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of TE Connectivity by 2,766.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock valued at $63,082,000 after acquiring an additional 267,598 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $215.00, for a total transaction of $2,021,000.00. Following the completion of the sale, the insider owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale 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 a total of 28,200 shares of company stock worth $6,211,332 in the last three months. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TEL shares. UBS Group reduced their price target on TE Connectivity from $272.00 to $261.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Wall Street Zen cut TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Barclays reduced their price target on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Jefferies Financial Group upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Wells Fargo & Company lifted their price target on TE Connectivity from $214.00 to $226.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, TE Connectivity has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Trading Up 0.2%

TE Connectivity stock opened at $205.54 on Monday. TE Connectivity Ltd. has a 52 week low of $155.37 and a 52 week high of $252.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.89. The stock has a market capitalization of $60.00 billion, a P/E ratio of 20.99, a PEG ratio of 1.45 and a beta of 1.18. The stock has a 50-day simple moving average of $212.61 and a 200 day simple moving average of $224.83.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The company had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity announced that its Board of Directors has initiated a share 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 buy up to 5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

TE Connectivity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.78 per share. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio is presently 29.01%.

About TE Connectivity

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.