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 firm’s stock in a transaction dated Wednesday, May 6th. The stock was 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 owned 25,976 shares of the company’s stock, valued at approximately $5,584,840. The trade was a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TE Connectivity Price Performance

Shares of NYSE TEL opened at $210.09 on Friday. TE Connectivity Ltd. has a 52 week low of $149.78 and a 52 week high of $252.56. The business’s 50 day moving average price is $214.39 and its 200 day moving average price is $225.85. The company has a quick ratio of 1.20, a current ratio of 1.89 and a debt-to-equity ratio of 0.42. The firm has a market cap of $61.32 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.53 and a beta of 1.18.

TE Connectivity (NYSE:TEL) last posted 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 company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. TE Connectivity’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $2.10 EPS. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, sell-side analysts expect that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity announced that its board has approved a stock repurchase 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 repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

TE Connectivity Increases Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on TEL. Wall Street Zen downgraded TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Jefferies Financial Group raised TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Truist Financial reduced their price target on TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group lowered their price objective on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, TE Connectivity currently has an average rating of “Moderate Buy” and a consensus price target of $256.57.

Institutional Investors Weigh In On TE Connectivity

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEL. Kohmann Bosshard Financial Services LLC purchased a new stake in TE Connectivity during the 4th quarter valued at about $25,000. Caitlin John LLC acquired a new position in TE Connectivity during the third quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new stake in TE Connectivity in the 3rd quarter valued at $29,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of TE Connectivity in the 4th quarter worth $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of TE Connectivity during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 91.43% of the company’s stock.

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.