Clark Capital Management Group Inc. Raises Holdings in TE Connectivity Ltd. $TEL

Clark Capital Management Group Inc. boosted its position in TE Connectivity Ltd. (NYSE:TEL) by 1.5% in the 3rd quarter, Holdings Channel reports. The firm owned 368,620 shares of the electronics maker’s stock after acquiring an additional 5,557 shares during the quarter. Clark Capital Management Group Inc.’s holdings in TE Connectivity were worth $80,923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TEL. Norges Bank acquired a new stake in TE Connectivity during the 2nd quarter worth $609,158,000. Arrowstreet Capital Limited Partnership raised its position in shares of TE Connectivity by 26,798.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock valued at $303,815,000 after buying an additional 1,378,787 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of 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 buying an additional 1,352,152 shares in the last quarter. Dodge & Cox boosted its position in TE Connectivity by 6.3% during the second quarter. Dodge & Cox now owns 17,039,803 shares of the electronics maker’s stock worth $2,874,104,000 after acquiring an additional 1,017,323 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in TE Connectivity by 243.2% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock valued at $298,383,000 after acquiring an additional 963,123 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TEL shares. TD Cowen reiterated a “buy” rating on shares of TE Connectivity in a report on Monday, November 17th. Oppenheimer upped their price target on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. The Goldman Sachs Group set a $306.00 price target on TE Connectivity in a report on Wednesday, January 21st. Truist Financial lifted their price objective on TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Finally, Zacks Research raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $251.93.

Insider Buying and Selling at TE Connectivity

In related news, SVP Reuben M. Shaffer sold 1,425 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $234.23, for a total transaction of $333,777.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were 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 owned 25,976 shares in the company, valued at approximately $5,780,179.52. This trade represents a 26.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,945 shares of company stock worth $7,528,616 over the last quarter. 0.60% of the stock is currently owned by company insiders.

TE Connectivity Stock Performance

NYSE:TEL opened at $199.35 on Friday. The company’s 50-day moving average is $225.53 and its two-hundred day moving average is $225.82. The firm has a market capitalization of $58.50 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. TE Connectivity Ltd. has a 1-year low of $116.30 and a 1-year high of $250.67.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating the consensus estimate of $2.55 by $0.17. TE Connectivity had a net margin of 11.41% and a return on equity of 22.72%. The firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the company earned $1.95 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Analysts forecast that TE Connectivity Ltd. will post 8.05 EPS for the current 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 given a $0.78 dividend. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio (DPR) is presently 40.98%.

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

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.