Franklin Resources Inc. Trims Holdings in TE Connectivity Ltd. $TEL

Franklin Resources Inc. trimmed its position in TE Connectivity Ltd. (NYSE:TEL) by 48.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,205,016 shares of the electronics maker’s stock after selling 1,113,599 shares during the period. Franklin Resources Inc.’s holdings in TE Connectivity were worth $274,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEL. Norges Bank purchased a new position in TE Connectivity in the 4th quarter valued at about $938,706,000. Arrowstreet Capital Limited Partnership lifted its holdings in TE Connectivity by 26,798.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,383,932 shares of the electronics maker’s stock valued at $303,815,000 after purchasing an additional 1,378,787 shares in the last quarter. Bank of America Corp DE lifted its holdings in TE Connectivity by 27.5% in the 2nd quarter. Bank of America Corp DE now owns 6,274,917 shares of the electronics maker’s stock valued at $1,058,390,000 after purchasing an additional 1,352,152 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in TE Connectivity by 183.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,530,414 shares of the electronics maker’s stock valued at $348,184,000 after purchasing an additional 990,703 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in TE Connectivity by 243.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,359,191 shares of the electronics maker’s stock valued at $298,383,000 after purchasing an additional 963,123 shares in the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TEL. Truist Financial reduced their target price on shares of TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Barclays reduced their target price on shares of TE Connectivity from $302.00 to $297.00 and set an “overweight” rating 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 report on Wednesday, April 15th. Wells Fargo & Company upped their price objective on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Oppenheimer upped their price objective on shares of TE Connectivity from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $256.57.

Insider Transactions at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the stock in a transaction that occurred on Monday, June 1st. 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 of the company’s stock, valued at approximately $5,584,840. This represents a 26.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 28,200 shares of company stock worth $6,140,644. 0.60% of the stock is currently owned by corporate insiders.

TE Connectivity Trading Up 2.4%

NYSE TEL opened at $210.62 on Wednesday. TE Connectivity Ltd. has a 12 month low of $162.17 and a 12 month high of $252.56. The company has a 50-day moving average of $214.47 and a 200-day moving average of $220.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20. The company has a market cap of $61.48 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.46 and a beta of 1.16.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.03. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company 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 posted $2.10 EPS. The company’s quarterly revenue 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. As a group, equities analysts predict that TE Connectivity Ltd. will post 11.28 earnings per share for the current year.

TE Connectivity announced that its board has initiated a share buyback program on Wednesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the electronics maker to buy up to 5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

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.