Pacer Advisors Inc. Grows Stock Holdings in TE Connectivity Ltd. $TEL

Pacer Advisors Inc. boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 28.3% during the fourth quarter, Holdings Channel reports. The firm owned 53,724 shares of the electronics maker’s stock after purchasing an additional 11,849 shares during the quarter. Pacer Advisors Inc.’s holdings in TE Connectivity were worth $12,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of TE Connectivity during the 4th quarter valued at $25,000. Caitlin John LLC purchased a new position in shares of TE Connectivity in the 3rd quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TE Connectivity in the third quarter worth $29,000. Geneos Wealth Management Inc. increased its position in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 127 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity during the fourth quarter valued at $40,000. Institutional investors own 91.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TEL shares. Weiss Ratings raised TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 price target on shares of TE Connectivity in a research report on Wednesday, April 22nd. HSBC downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price objective on the stock. in a report on Thursday, April 23rd. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Finally, Truist Financial reduced their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $256.79.

TE Connectivity Stock Performance

NYSE:TEL opened at $218.03 on Friday. 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 50-day simple moving average of $214.88 and a two-hundred day simple moving average of $220.37. The firm has a market capitalization of $63.64 billion, a PE ratio of 22.27, a P/E/G ratio of 1.54 and a beta of 1.16. TE Connectivity Ltd. has a 52-week low of $162.17 and a 52-week high of $252.56.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter last year, the company earned $2.10 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts forecast that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, August 21st. This represents a $3.12 dividend on an annualized basis and a yield of 1.4%. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

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

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the completion of the transaction, the insider directly owned 25,976 shares in the company, valued at $5,584,840. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,200 shares of company stock worth $6,140,644 over the last quarter. 0.60% of the stock is owned by insiders.

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.