Legal & General Group Plc Buys 270,654 Shares of TE Connectivity Ltd. $TEL

Legal & General Group Plc boosted its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 10.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,764,569 shares of the electronics maker’s stock after acquiring an additional 270,654 shares during the period. Legal & General Group Plc’s holdings in TE Connectivity were worth $606,906,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC purchased a new position in shares of TE Connectivity during the fourth quarter valued at about $820,000. Sivia Capital Partners LLC lifted its position in shares of TE Connectivity by 66.7% in the second quarter. Sivia Capital Partners LLC now owns 2,517 shares of the electronics maker’s stock worth $425,000 after buying an additional 1,007 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of TE Connectivity by 2.4% in the second quarter. Prospera Financial Services Inc now owns 2,848 shares of the electronics maker’s stock worth $481,000 after buying an additional 68 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in TE Connectivity during the second quarter valued at approximately $758,000. Finally, Zions Bancorporation National Association UT grew its holdings in TE Connectivity by 18.9% during the 2nd quarter. Zions Bancorporation National Association UT now owns 729 shares of the electronics maker’s stock valued at $123,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $233.82, for a total transaction of $2,197,908.00. Following the completion of the transaction, the insider directly owned 32,541 shares of the company’s stock, valued at approximately $7,608,736.62. The trade was a 22.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Jenkins sold 6,155 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $222.81, for a total transaction of $1,371,395.55. Following the transaction, the executive vice president owned 21,810 shares in the company, valued at $4,859,486.10. The trade was a 22.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,945 shares of company stock worth $7,528,616 over the last quarter. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Oppenheimer lifted their price objective on TE Connectivity from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen raised shares of TE Connectivity from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Zacks Research upgraded shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. UBS Group upped their price target on shares of TE Connectivity from $280.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Barclays increased their price objective on shares of TE Connectivity from $297.00 to $302.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, TE Connectivity presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.93.

TE Connectivity Trading Down 1.4%

Shares of TEL stock opened at $203.31 on Wednesday. The company has a market cap of $59.66 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. TE Connectivity Ltd. has a 1 year low of $116.30 and a 1 year high of $250.67. The stock’s 50 day simple moving average is $227.25 and its two-hundred day simple moving average is $226.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 1.07.

TE Connectivity (NYSE:TEL) last announced its earnings results on Wednesday, January 21st. The electronics maker reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $4.52 billion. TE Connectivity had a return on equity of 22.72% and a net margin of 11.41%.The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. TE Connectivity has set its Q2 2026 guidance at 2.650-2.650 EPS. Research analysts predict that TE Connectivity Ltd. will post 8.05 earnings per share for the current year.

TE Connectivity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, February 20th. TE Connectivity’s payout ratio is presently 40.98%.

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.