Allworth Financial LP Has $1.21 Million Position in TE Connectivity Ltd. $TEL

Allworth Financial LP grew its holdings in TE Connectivity Ltd. (NYSE:TEL) by 110.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,326 shares of the electronics maker’s stock after purchasing an additional 2,796 shares during the quarter. Allworth Financial LP’s holdings in TE Connectivity were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Atria Investments Inc lifted its stake in shares of TE Connectivity by 4.7% in the fourth quarter. Atria Investments Inc now owns 37,236 shares of the electronics maker’s stock valued at $8,472,000 after buying an additional 1,681 shares in the last quarter. Biltmore Family Office LLC bought a new stake in shares of TE Connectivity during the fourth quarter worth about $260,000. Stonebridge Financial Group LLC MO acquired a new stake in shares of TE Connectivity in the 4th quarter worth about $206,000. Ameritas Advisory Services LLC lifted its position in TE Connectivity by 300.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 1,315 shares of the electronics maker’s stock valued at $299,000 after acquiring an additional 987 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in TE Connectivity by 19.2% in the 4th quarter. Independent Advisor Alliance now owns 8,803 shares of the electronics maker’s stock valued at $2,003,000 after acquiring an additional 1,419 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insider Activity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were 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. This trade represents a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,200 shares of company stock worth $6,211,332. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Truist Financial decreased their price objective on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Oppenheimer lifted their target price on TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Wells Fargo & Company upped 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. Weiss Ratings upgraded TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and an average target price of $256.57.

TE Connectivity Price Performance

TE Connectivity stock opened at $200.20 on Tuesday. TE Connectivity Ltd. has a 52 week low of $155.37 and a 52 week high of $252.56. The company’s 50 day moving average price is $212.41 and its two-hundred day moving average price is $224.57. The stock has a market cap of $58.44 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.45 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the company earned $2.10 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, equities analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity announced that its Board of Directors has authorized a stock repurchase program on Wednesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

TE Connectivity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.78 per share. 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 1.6%. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is currently 29.01%.

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.