TE Connectivity Ltd. $TEL Shares Bought by KBC Group NV

KBC Group NV increased its stake in TE Connectivity Ltd. (NYSE:TEL) by 11.8% in the 1st quarter, HoldingsChannel reports. The fund owned 309,067 shares of the electronics maker’s stock after acquiring an additional 32,711 shares during the period. KBC Group NV’s holdings in TE Connectivity were worth $64,601,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd lifted its position in TE Connectivity by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 14,999 shares of the electronics maker’s stock worth $3,412,000 after purchasing an additional 44 shares during the period. MCF Advisors LLC increased its position in shares of TE Connectivity by 14.1% during the 4th quarter. MCF Advisors LLC now owns 364 shares of the electronics maker’s stock valued at $83,000 after purchasing an additional 45 shares during the period. Webster Bank N. A. raised its stake in shares of TE Connectivity by 19.1% in the 4th quarter. Webster Bank N. A. now owns 287 shares of the electronics maker’s stock worth $65,000 after buying an additional 46 shares in the last quarter. CYBER HORNET ETFs LLC lifted its holdings in shares of TE Connectivity by 5.6% in the fourth quarter. CYBER HORNET ETFs LLC now owns 887 shares of the electronics maker’s stock valued at $202,000 after buying an additional 47 shares during the period. Finally, Harbour Investments Inc. boosted its stake in TE Connectivity by 4.2% during the fourth quarter. Harbour Investments Inc. now owns 1,193 shares of the electronics maker’s stock valued at $271,000 after buying an additional 48 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

Insider Buying and Selling

In other TE Connectivity news, insider Shadrak W. Kroeger sold 9,400 shares of TE Connectivity 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 transaction, the insider directly owned 25,976 shares in the company, valued at approximately $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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

TE Connectivity Trading Down 0.1%

Shares of TEL opened at $203.11 on Tuesday. The business’s 50-day moving average price is $205.81 and its 200 day moving average price is $215.66. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. The stock 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 1-year low of $177.21 and a 1-year high of $252.56.

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 analyst estimates of $4.72 billion. During the same period in the prior year, the firm earned $2.10 earnings per share. The business’s quarterly revenue was up 14.4% on a year-over-year basis. TE Connectivity has set its Q3 2026 guidance at 2.830-2.830 EPS. Analysts expect that TE Connectivity Ltd. will post 11.31 earnings per share for the current year.

TE Connectivity Announces Dividend

The company 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 $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. TE Connectivity’s dividend payout ratio is 31.87%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TEL. Truist Financial lowered their target price on TE Connectivity from $244.00 to $240.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of TE Connectivity from a “hold” rating to a “buy” rating in a research report on Monday. The Goldman Sachs Group set a $286.00 price objective on shares of TE Connectivity in a research note on Wednesday, April 22nd. Zacks Research downgraded shares of TE Connectivity from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company increased their target price on shares of TE Connectivity from $226.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, TE Connectivity currently has a consensus rating of “Moderate Buy” and an average price target of $255.31.

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.