Prudential PLC Acquires 2,357 Shares of TE Connectivity Ltd. $TEL

Prudential PLC raised its holdings in TE Connectivity Ltd. (NYSE:TEL) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,628 shares of the electronics maker’s stock after purchasing an additional 2,357 shares during the quarter. Prudential PLC’s holdings in TE Connectivity were worth $2,873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TEL. Kohmann Bosshard Financial Services LLC bought a new stake in shares of TE Connectivity during the 4th quarter worth $25,000. Caitlin John LLC bought a new position in TE Connectivity in the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new position in TE Connectivity during the third quarter worth about $29,000. Geneos Wealth Management Inc. raised its stake in TE Connectivity by 189.6% during the second quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 91.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TEL. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Truist Financial dropped their price objective on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. UBS Group decreased their target price on shares of TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Barclays lowered their price target on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Finally, Zacks Research upgraded TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.57.

TE Connectivity Trading Up 0.0%

NYSE TEL opened at $212.70 on Monday. TE Connectivity Ltd. has a 12 month low of $162.17 and a 12 month high of $252.56. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $62.09 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The business’s 50-day moving average price is $214.26 and its two-hundred day moving average price is $221.20.

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 analysts’ consensus estimates of $2.70 by $0.03. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.72 billion. TE Connectivity had a return on equity of 23.56% and a net margin of 15.54%.The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. On average, analysts expect that TE Connectivity Ltd. will post 11.28 EPS for the current year.

TE Connectivity Increases Dividend

The company also recently disclosed 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. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. This is a boost from TE Connectivity’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. TE Connectivity’s dividend payout ratio is currently 31.87%.

TE Connectivity announced that its board has approved a stock repurchase program on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction dated Monday, June 1st. The stock was 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 directly owned 25,976 shares in the company, valued at approximately $5,584,840. This trade represents a 26.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Corporate insiders own 0.60% 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.