TE Connectivity Ltd. $TEL Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 39.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,168 shares of the electronics maker’s stock after selling 3,392 shares during the quarter. Bridges Investment Management Inc.’s holdings in TE Connectivity were worth $1,176,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of TE Connectivity by 7.0% in the 3rd quarter. Principal Financial Group Inc. now owns 336,394 shares of the electronics maker’s stock valued at $73,849,000 after buying an additional 21,882 shares during the period. Caprock Group LLC acquired a new position in shares of TE Connectivity in the 3rd quarter valued at about $2,419,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of TE Connectivity by 7.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 103,287 shares of the electronics maker’s stock valued at $22,675,000 after buying an additional 6,755 shares during the period. Power Wealth Management LLC boosted its holdings in shares of TE Connectivity by 226.5% in the 3rd quarter. Power Wealth Management LLC now owns 8,979 shares of the electronics maker’s stock valued at $1,971,000 after buying an additional 6,229 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of TE Connectivity in the 4th quarter valued at about $1,983,000. 91.43% of the stock is owned by institutional investors and hedge funds.

TE Connectivity Stock Up 1.6%

TEL stock opened at $218.22 on Thursday. TE Connectivity Ltd. has a 52 week low of $161.30 and a 52 week high of $252.56. The company has a market capitalization of $63.70 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The firm’s 50-day moving average is $213.91 and its two-hundred day moving average is $221.47. The company has a current ratio of 1.89, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42.

TE Connectivity (NYSE:TEL) last released its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $2.73 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the previous year, the firm earned $2.10 EPS. TE Connectivity’s 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. On average, analysts forecast that TE Connectivity Ltd. will post 11.28 earnings per share for the current fiscal year.

TE Connectivity announced that its board has approved a share repurchase program on Wednesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

TE Connectivity Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. This is an increase from TE Connectivity’s previous quarterly dividend of $0.71. TE Connectivity’s payout ratio is presently 31.87%.

Insider Activity at TE Connectivity

In related news, insider Shadrak W. Kroeger sold 9,400 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $215.00, for a total value of $2,021,000.00. Following the sale, the insider directly 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 Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 28,200 shares of company stock valued at $6,140,644. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of TE Connectivity from $214.00 to $226.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. HSBC lowered shares of TE Connectivity from a “buy” rating to a “hold” rating and set a $234.00 price target for the company. in a report on Thursday, April 23rd. Jefferies Financial Group raised shares of TE Connectivity from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded shares of TE Connectivity from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of TE Connectivity from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, TE Connectivity presently has a consensus rating of “Moderate Buy” and an average price target of $256.57.

TE Connectivity Company 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.