Lazard Asset Management LLC Purchases 28,443 Shares of TE Connectivity Ltd. $TEL

Lazard Asset Management LLC grew its position in shares of TE Connectivity Ltd. (NYSE:TEL) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 480,509 shares of the electronics maker’s stock after buying an additional 28,443 shares during the period. Lazard Asset Management LLC’s holdings in TE Connectivity were worth $100,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in TE Connectivity in the 4th quarter worth about $25,000. Commonwealth Retirement Investments LLC purchased a new stake in TE Connectivity during the fourth quarter valued at about $40,000. MV Capital Management Inc. bought a new position in TE Connectivity during the fourth quarter worth about $41,000. JFS Wealth Advisors LLC increased its stake 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 purchasing an additional 65 shares in the last quarter. Finally, Westfuller Advisors LLC increased its stake in shares of TE Connectivity by 120.2% in the fourth quarter. Westfuller Advisors LLC now owns 185 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Transactions at TE Connectivity

In related 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 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 trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Evercore restated an “in-line” rating and set a $230.00 price target on shares of TE Connectivity in a research note on Monday, June 22nd. Wells Fargo & Company reduced their price objective on shares of TE Connectivity from $230.00 to $209.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. UBS Group reissued a “buy” rating and set a $241.00 target price on shares of TE Connectivity in a report on Thursday. Zacks Research downgraded TE Connectivity from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Barclays raised their price target on TE Connectivity from $297.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $251.15.

TE Connectivity Price Performance

Shares of NYSE:TEL opened at $207.46 on Tuesday. The company has a 50 day moving average of $205.50 and a 200 day moving average of $214.73. The stock has a market cap of $60.56 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.36 and a beta of 1.17. TE Connectivity Ltd. has a 12 month low of $190.27 and a 12 month high of $252.56. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.09. TE Connectivity had a net margin of 15.61% and a return on equity of 24.59%. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the prior year, the company posted $2.27 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. TE Connectivity has set its Q4 2026 guidance at 3.050-3.050 EPS. As a group, sell-side analysts forecast that TE Connectivity Ltd. will post 11.45 EPS for the current fiscal 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 given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio (DPR) is 30.59%.

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.