TE Connectivity Ltd. $TEL Shares Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd boosted its holdings in TE Connectivity Ltd. (NYSE:TEL) by 81.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,943 shares of the electronics maker’s stock after buying an additional 37,786 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in TE Connectivity were worth $18,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitlin John LLC acquired a new position in shares of TE Connectivity in the 3rd quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of TE Connectivity during the third quarter valued at $29,000. Neo Ivy Capital Management acquired a new position in shares of TE Connectivity in the 2nd quarter valued at $30,000. Caldwell Trust Co purchased a new position in TE Connectivity in the 2nd quarter worth about $31,000. Finally, Geneos Wealth Management Inc. increased its stake in TE Connectivity by 189.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

TE Connectivity Price Performance

Shares of TEL opened at $198.41 on Friday. The business’s 50-day moving average is $223.18 and its 200-day moving average is $225.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07. The company has a market capitalization of $58.22 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 1.49 and a beta of 1.23. TE Connectivity Ltd. has a fifty-two week low of $116.30 and a fifty-two week high of $250.67.

TE Connectivity (NYSE:TEL) last announced its quarterly earnings data on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.52 billion. During the same period in the previous year, the firm posted $1.95 earnings per share. The firm’s revenue was up 21.7% on a year-over-year basis. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Equities research analysts expect that TE Connectivity Ltd. will post 8.05 EPS for the current fiscal year.

TE Connectivity declared that its board has authorized a share repurchase plan on Wednesday, March 11th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

TE Connectivity Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. TE Connectivity’s dividend payout ratio (DPR) is currently 40.98%.

Insider Buying and Selling

In related news, SVP Reuben M. Shaffer sold 1,425 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $2,091,688.00. Following the completion of the transaction, the insider owned 25,976 shares in the company, valued at $5,780,179.52. This trade represents a 26.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 32,945 shares of company stock worth $7,528,616. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TEL shares. UBS Group upped their price objective on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group set a $306.00 price target on shares of TE Connectivity in a report on Wednesday, January 21st. Wells Fargo & Company upped their price target on shares of TE Connectivity from $245.00 to $249.00 and gave the company an “equal weight” rating in a research report on Thursday, January 22nd. Truist Financial raised their price objective on shares of TE Connectivity from $240.00 to $244.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings raised shares of TE Connectivity from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.93.

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.