TE Connectivity (NYSE:TEL) Insider Shadrak Kroeger Sells 9,400 Shares of Stock

TE Connectivity Ltd. (NYSE:TEL) insider Shadrak Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was 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 in the company, valued at $5,584,840. This represents a 26.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TE Connectivity Trading Up 1.6%

Shares of NYSE:TEL opened at $214.57 on Wednesday. The company has a market capitalization of $62.63 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.49 and a beta of 1.16. TE Connectivity Ltd. has a 1 year low of $159.41 and a 1 year high of $252.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The business’s 50 day simple moving average is $213.18 and its 200 day simple moving average is $221.82.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings results 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. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, research analysts anticipate that TE Connectivity Ltd. will post 11.28 EPS for the current fiscal year.

TE Connectivity Increases Dividend

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

TE Connectivity announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays reduced their target price on TE Connectivity from $302.00 to $297.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Oppenheimer raised their target price on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, February 13th. The Goldman Sachs Group set a $286.00 target price on TE Connectivity in a report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, TE Connectivity currently has an average rating of “Moderate Buy” and an average target price of $256.57.

Institutional Investors Weigh In On TE Connectivity

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of TE Connectivity by 7.0% during the 3rd quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock valued at $73,849,000 after acquiring an additional 21,882 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of TE Connectivity during the 3rd quarter valued at $2,419,000. State of New Jersey Common Pension Fund D raised its position in TE Connectivity by 7.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 103,287 shares of the electronics maker’s stock worth $22,675,000 after purchasing an additional 6,755 shares during the last quarter. Power Wealth Management LLC raised its position in TE Connectivity by 226.5% during the 3rd quarter. Power Wealth Management LLC now owns 8,979 shares of the electronics maker’s stock worth $1,971,000 after purchasing an additional 6,229 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in TE Connectivity during the 4th quarter worth $1,983,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

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.