Madison Asset Management LLC Has $28.71 Million Stake in TE Connectivity Ltd. $TEL

Madison Asset Management LLC reduced its position in TE Connectivity Ltd. (NYSE:TEL) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,343 shares of the electronics maker’s stock after selling 14,707 shares during the quarter. Madison Asset Management LLC’s holdings in TE Connectivity were worth $28,707,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of TE Connectivity by 189.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 194 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 127 shares during the period. Commonwealth Retirement Investments LLC acquired a new stake in shares of TE Connectivity during the 4th quarter valued at about $40,000. MV Capital Management Inc. bought a new stake in TE Connectivity in the fourth quarter valued at about $41,000. Finally, JFS Wealth Advisors LLC increased its stake in TE Connectivity by 54.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 184 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.

Insiders Place Their Bets

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction on Monday, June 1st. 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 in the company, valued at approximately $5,584,840. The trade was a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TEL shares. Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $286.00 price objective on TE Connectivity in a research note on Wednesday, April 22nd. Evercore restated an “in-line” rating and set a $230.00 target price on shares of TE Connectivity in a research report on Monday, June 22nd. UBS Group decreased their price target on TE Connectivity from $272.00 to $261.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Citigroup lowered their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TE Connectivity has an average rating of “Moderate Buy” and an average price target of $255.31.

TE Connectivity Trading Down 0.1%

Shares of TEL stock opened at $203.11 on Tuesday. The company has a market capitalization of $59.29 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.43 and a beta of 1.17. TE Connectivity Ltd. has a 12-month low of $177.21 and a 12-month high of $252.56. 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 50-day moving average price of $205.81 and a 200 day moving average price of $215.66.

TE Connectivity (NYSE:TEL) last issued its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.03. The firm had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.72 billion. TE Connectivity had a net margin of 15.54% and a return on equity of 23.56%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 earnings per share. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Research analysts forecast that TE Connectivity Ltd. will post 11.31 earnings per share for the current fiscal year.

TE Connectivity Dividend Announcement

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

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.