Pzena Investment Management LLC Sells 207,913 Shares of TE Connectivity Ltd. $TEL

Pzena Investment Management LLC lessened its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 25.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 603,978 shares of the electronics maker’s stock after selling 207,913 shares during the quarter. Pzena Investment Management LLC’s holdings in TE Connectivity were worth $126,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Man Group plc boosted its holdings in TE Connectivity by 259.9% during the fourth quarter. Man Group plc now owns 1,252,434 shares of the electronics maker’s stock valued at $284,941,000 after purchasing an additional 904,468 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of TE Connectivity in the 4th quarter worth approximately $1,983,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of TE Connectivity by 2,766.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 277,270 shares of the electronics maker’s stock worth $63,082,000 after buying an additional 267,598 shares during the period. NewEdge Wealth LLC boosted its stake in TE Connectivity by 20.4% in the 4th quarter. NewEdge Wealth LLC now owns 41,715 shares of the electronics maker’s stock valued at $9,491,000 after buying an additional 7,057 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its position in TE Connectivity by 575.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,496 shares of the electronics maker’s stock valued at $8,303,000 after acquiring an additional 31,096 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.

TE Connectivity Trading Down 0.0%

TEL opened at $201.58 on Thursday. The firm has a 50 day simple moving average of $209.30 and a 200 day simple moving average of $218.42. TE Connectivity Ltd. has a fifty-two week low of $169.50 and a fifty-two week high of $252.56. The company has a market cap of $58.84 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.42 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.89 and a quick ratio of 1.20.

TE Connectivity (NYSE:TEL) last announced 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 business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. 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, sell-side analysts anticipate that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is presently 31.87%.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TEL shares. Zacks Research lowered shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings raised shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. UBS Group decreased their price objective 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. Jefferies Financial Group upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group set a $286.00 price target on TE Connectivity in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity presently has an average rating of “Moderate Buy” and a consensus price target of $254.93.

Insider Buying and Selling at TE Connectivity

In other news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity 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 transaction, the insider owned 25,976 shares in the company, valued at $5,584,840. The trade was a 26.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 28,200 shares of company stock worth $6,140,644. Insiders own 0.60% of the company’s stock.

TE Connectivity 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.